Bloomberg Says OpenAI Raised $11 Billion at a $1.25 Trillion Valuation
Summary
OpenAI has raised $11 billion in a funding round that values the company at $1.25 trillion, Bloomberg reports, citing sources. The round is not closed and could total about $20 billion, short of the $30 billion OpenAI sought in September.
Key Points
- Bloomberg's sources say the funding round is expected to close in the coming weeks.
- OpenAI has pushed back a planned IPO this year, with expectations pointing to a listing next year.
- TechCrunch says it has asked OpenAI for comment and will update the story if the company responds.