Reported by 2 outlets
The story so far
AI summary of the reporting below · Updated · How we work
OpenAI has gathered $11 billion in a new funding round that values the artificial intelligence company at $1.25 trillion, Bloomberg reported on Friday. Backers wired the funds to the company, though the investors who took part were not identified. TechCrunch noted that OpenAI had reached out to neither confirm nor dispute the reports. [1][2]
The $11 billion is only an initial tranche of an active fundraising effort that has not yet concluded. The round is slated to close over the coming weeks and could eventually total about $20 billion, according to Bloomberg. That projected amount falls short of the $30 billion OpenAI was seeking when plans emerged in late September. [1][2]
The financing lands amid broader volatility across the AI sector following Democratic midterm election wins and pushback over data center expansion. At the same time, potential buyers for rival Anthropic's public offering are reportedly considering a valuation as low as $1.1 trillion, down sharply from the $2 trillion expected a month ago. OpenAI previously delayed its own IPO plans, with expectations it may go public next year. [2]
OpenAI Group PBC has reportedly raised $11 billion as part of a funding round that could nearly double in size over the coming weeks, as sources told Bloomberg that investors wired the funds to the company today. The tipsters didn’t name the backers. The list of possible participants includes Microsoft Corp., which contributed to at…
via SiliconANGLE
OpenAI has reportedly raised an additional $11 billion as part of a funding round that hasn't closed yet but is expected to in the coming weeks.
via TechCrunch