OpenAI reportedly raises an additional $11 billion at a $1.25 trillion valuation — SkimNews
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- OpenAI has raised $11 billion so far in a new funding round that values the AI lab at $1.25 trillion, according to Bloomberg.
- OpenAI's larger funding round has not closed; Bloomberg reported that it is expected to close in the coming weeks and could total about $20 billion.
- OpenAI's $11 billion so far falls well short of the $30 billion Bloomberg reported in late September that the company was seeking.
- OpenAI had previously intimated it would go public this year but subsequently delayed its plans; expectations are now for an IPO next year at some point.
Why it matters: OpenAI’s $11 billion raise gives the company capital before the round closes, while the current total remains well short of the earlier $30 billion goal. For prospective IPO investors, the material change is a $1.25 trillion valuation alongside a delayed public-market timetable, with expectations now pointing to next year rather than this year.
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