OpenAI Closes $11B Funding Portion at $1.25T Valuation
AI summary
OpenAI has closed roughly $11 billion in new funding, the initial portion of a round that values the company at $1.25 trillion, Bloomberg Technology reported. The remainder of the round could increase the total to as much as $20 billion and is expected to close in the coming weeks. Bloomberg cited anonymous people familiar with the matter, and OpenAI had not publicly confirmed the figures.
In-depth insight
The reported financing would provide OpenAI with major new capital at a $1.25 trillion valuation, with the full round potentially reaching $20 billion.
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