OpenAI reportedly raises an additional $11 billion at a $1.25 trillion valuation

OpenAI has reportedly raised $11 billion in a new funding round that values the company at $1.25 trillion, according to Bloomberg. The $11 billion is part of a larger round expected to close in the coming weeks and could total about $20 billion. This falls short of OpenAI's earlier target of $30 billion. The news comes as potential buyers of shares in rival Anthropic's IPO are eyeing a valuation as low as $1.1 trillion, down from earlier expectations of $2 trillion. OpenAI had previously suggested it would go public this year but delayed its plans, with expectations now pointing to an IPO next year. The AI market is described as precarious, with jitters stemming from the Democratic landslide in the U.S. midterms and negative voter sentiment around data centers, raising anticipation of future regulatory challenges.

(Source：TechCrunch)