OpenAI raises $11 billion at $1.25 trillion valuation
Original title: OpenAI reportedly raises an additional $11 billion at a $1.25 trillion valuation
OpenAI's new funding round values the company at $1.25 trillion as part of a larger round expected to close soon.
OpenAI has raised $11 billion in a new funding round valuing the AI lab at $1.25 trillion. The round is part of a larger one that may total $20 billion and is expected to close in coming weeks. This comes amid market jitters in the AI sector following the US midterms and potential regulatory challenges for data centers.
- The $11 billion is part of larger round not yet closed
- Round could total about $20 billion
- Previous target was $30 billion
- OpenAI plans IPO next year
From the original article
1 min read at techcrunch.com
OpenAI has reportedly raised an additional $11 billion as part of a funding round that hasn't closed yet but is expected to in the coming weeks.
By Lucas Ropek · techcrunch.com
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