OpenAI Reportedly Raises an Additional $11 Billion at a $1.25 Trillion Valuation

OpenAI has reportedly raised $11 billion in a funding round valuing the company at $1.25 trillion, according to Bloomberg, which cited people familiar with the matter.

The funding round has not yet closed and is expected to wrap up in the coming weeks. It could reach about $20 billion, one source told Bloomberg. That would be below the $30 billion OpenAI was reportedly targeting in September.

The news comes amid reports that investors are reassessing the expected valuation of Anthropic, OpenAI’s chief competitor. Some potential buyers of Anthropic shares are said to see its valuation at around $1.1 trillion, well below the $2 trillion figure investors reportedly anticipated about a month ago.

OpenAI had previously indicated it might go public this year, but later delayed those plans. The company is now expected to pursue an IPO sometime next year.

The broader AI market is facing uncertainty. A Democratic landslide in the U.S. midterm elections, along with strong voter opposition to data centers, has rattled markets and raised the prospect of future regulatory challenges.

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