OpenAI reportedly closes roughly $11 billion in funding at a $1.25 trillion valuation

OpenAI’s funding round could reach $20 billion, below its reported initial target of $30 billion or more.

2 Sources, ,

OpenAI secures $11 billion funding at $1.25 trillion valuation, Bloomberg News reports

TLDR

OpenAI has reportedly closed roughly $11 billion in new funding, the first portion of a round valuing it at $1.25 trillion. The total could reach $20 billion, compared with an initially reported goal of $30 billion or more at a $1.4 trillion valuation. OpenAI declined to comment.

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2 Sources, first seen 1h ago