OpenAI reportedly weighs pre-IPO round at valuation above $1.2 trillion

OpenAI is reportedly working on the Hodge conjecture and other Millennium Prize problems. Speculation also surrounds possible work on P versus NP; none of these discussions establishes that the problems have been solved. The company could delay announcing mathematical results while it manages its difficult relationship with the math community.

OpenAI is considering a pre-IPO funding round at a valuation above $1.2 trillion, according to the cited report. The valuation is linked to progress in OpenRouter, Astra, distribution and the broader business, while potential mathematical breakthroughs are viewed as an additional attraction for investors.