OpenAI reportedly raises $11 billion at a $1.25 trillion valuation
TechCrunch cites Bloomberg: first close of a scaled-back round that could reach about $20B, well below an earlier ~$30B target; OpenAI declined to comment to TechCrunch.
Why it matters
OpenAI’s latest private raise lands amid a week-long AI equity selloff and midterm jitters over data-centre rules. A first tranche at $1.25 trillion keeps the lab atop private valuations even after dialing back from talk of a larger $30 billion round. Bloomberg’s sources say the round remains open and could grow toward about $20 billion in coming weeks. Watch later tranches and whether Anthropic’s IPO talk re-prices against the same funding tape.
Key facts
- Reported $11B first close
- Valuation $1.25T
- Round may reach ~$20B
- Earlier talk of ~$30B target
- OpenAI declined TechCrunch comment