OpenAI valued at $1.25 trillion in new funding round
Original title: OpenAI valued at $1.25 trillion, as rival Anthropic nears its IPO
OpenAI raises $11 billion to reach $1.25 trillion valuation as Anthropic nears IPO
OpenAI is valued at $1.25 trillion following a new funding round that raised $11 billion. The company had hoped to raise up to $30 billion at a $1.4 trillion valuation before tech stock drops and midterm results. Rival Anthropic filed its S-1 to go public last week. OpenAI CEO Sam Altman said the company is holding off on its IPO until it can make more confident claims about model safety.
Unconfirmed: OpenAI hopes to raise additional $20 billion but results are pending
From the original article
1 min read at theverge.com
OpenAI is now valued at $1. 25 trillion in a new round of funding that has raised another $11 billion, according to Bloomberg. That would make it one of the world's most valuable companies, not long after raising $122 billion from investors in March at a valuation of $852 billion.
By Stevie Bonifield · theverge.com
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