OpenAI Secures Initial $11 Billion of Funding at $1.25 Trillion Valuation
AI · First reported 6 Nov, 20:58 · Updated 21:28
Reports say OpenAI has secured roughly $11 billion as the initial portion of a funding round valuing the company at $1.25 trillion. One report says the company is targeting another $9 billion.
- OpenAI closed on roughly $11 billion in new funding, described as the initial part of a round valuing the company at $1.25 trillion.
- People familiar with the matter said the funding had been wired to OpenAI as of Friday.
- The Information reported that OpenAI is targeting another $9 billion in fundraising.
- CNA also reported the $11 billion funding and $1.25 trillion valuation, attributing its report to Bloomberg News.
Summary written by Lux AI from 3 articles
Key facts
- Funding secured
- Roughly $11 billion
- Valuation
- $1.25 trillion
- Additional fundraising target
- $9 billion
- Timing reported
- Funding was wired as of Friday
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