OpenAI reportedly secures $11 billion in funding at $1.25 trillion valuation

A raise of about $11 billion has happened at OpenAI, representing the opening slice of a new funding round pricing the AI company at $1.25 trillion. Bloomberg reported the funding round, citing people familiar with the matter who were not authorized to speak publicly. OpenAI received the wired funds on Friday. A source stated that this is just the first part of a deal that could grow to $20 billion in the next few weeks. In a separate report on Friday, The Information said OpenAI plans to update its investors next week after locking in the $11 billion. A shrinking target What stands out most is the money OpenAI did not receive.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Cryptopolitan.