AI BriefingOpenAI Secures $11B at $1.25T Valuation Amid Market Adjustments
·2026.11.07 22:38
Key point
OpenAI raised $11B at a $1.25T pre-money valuation, with potential to reach $20B, while reporting 70% Q3 business growth and 1.2 billion weekly ChatGPT users.
Details
- OpenAI closed a funding round with approximately $11B deposited at a $1.25T pre-money valuation, confirmed by CFO Sarah Friar.
- The round was scaled down from an initial $30B target at a $1.4T valuation due to AI stock selling pressure, though it may expand to $20B with a potential additional $9B follow-on.
- Q3 business growth reached 70% quarter-over-quarter, with enterprise business doubling and consumer/enterprise revenue split roughly 50/50.
- ChatGPT weekly active users hit 1.2 billion, and the advertising run rate reached $1B as of August.
- SoftBank and Abu Dhabi's MGX participated in the round, while Microsoft recorded a $207M gain on its OpenAI stake that added to GAAP net income in Q3.
- NVIDIA noted that OpenAI's compute commitments correspond to approximately 12GW of its hardware, highlighting financial strain on frontier labs.
- Anthropic is planning a Nasdaq listing in mid-November, with some investors valuing it at approximately $1.5T, down from previous $2T expectations.
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