OpenAI has reportedly raised an additional $11 billion in a new funding round that values the AI lab at $1.25 trillion. According to Bloomberg, the round has not yet closed but is expected to close in the coming weeks, and could total around $20 billion.
The news comes just hours after reports that potential buyers of Anthropic shares are eyeing a significantly lower valuation than the company had targeted. Together, the two stories highlight the rapidly shifting financial landscape for the world's leading AI companies.
OpenAI funding round details
The new funding round follows a massive $122 billion raise in March that valued OpenAI at $852 billion. According to Bloomberg, OpenAI initially hoped to raise as much as $30 billion at a $1.4 trillion valuation, but scaled back its ambitions after tech stocks dropped and the midterm election results signaled growing public opposition to AI companies and data center projects.
Bloomberg also reports that OpenAI is still pursuing additional investments that could increase the total to $20 billion. OpenAI declined to comment on the reports.
- OpenAI has raised $11 billion so far in a funding round that is still open.
- The round values OpenAI at $1.25 trillion, up from $852 billion in March.
- Bloomberg reports the round could reach $20 billion in total.
- OpenAI had initially aimed to raise $30 billion at a $1.4 trillion valuation.
