OpenAI reportedly raises $11 billion at $1.25 trillion valuation
·2026.11.07 07:53
Key point
The round is expected to close in coming weeks and could total about $20 billion, falling short of a previous $30 billion target.
Details
- OpenAI has reportedly raised $11 billion in a new funding round that values the company at $1.25 trillion.
- The round is expected to close in the coming weeks and could total approximately $20 billion, according to sources cited by Bloomberg.
- This figure is significantly lower than the $30 billion target OpenAI reportedly aimed for in late September.
- The news follows reports that potential buyers for Anthropic's IPO are eyeing a valuation as low as $1.1 trillion, down from the $2 trillion expected a month prior.
- OpenAI previously indicated it would go public this year but has delayed plans, with expectations now pointing to an IPO next year.
- Market jitters have increased following the U.S. midterms, where negative voter sentiment toward data centers raised concerns about future regulatory challenges.
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