OpenAI Reportedly Raises $11 Billion at a $1.25 Trillion Valuation

TL;DR

• OpenAI has reportedly raised $11 billion so far in a funding round that values the company at $1.25 trillion.
• The round is still open and could reach about $20 billion in the coming weeks, Bloomberg reported.
• OpenAI was reportedly seeking $30 billion in late September, about $10 billion more than the round is now expected to bring in.

OpenAI’s funding round could reach $20 billion

OpenAI has raised $11 billion so far in a new funding round that values the ChatGPT maker at $1.25 trillion, Bloomberg reported Friday, citing people familiar with the matter. The round is expected to close in the coming weeks and could bring in about $20 billion, according to one person familiar with the deal.

Even at $20 billion, the round would come in roughly a third below the $30 billion OpenAI was reportedly seeking in late September. The final amount will depend on how much additional capital the company secures before the round closes.

Anthropic IPO investors weigh a lower valuation

The OpenAI funding report came hours after Bloomberg reported that some investors considering buying shares in Anthropic’s IPO saw the company’s valuation landing as low as $1.1 trillion. About a month earlier, investors had been expecting a figure closer to $2 trillion.

The $1.1 trillion figure reflects what some prospective buyers think Anthropic could be worth when it lists. OpenAI’s $1.25 trillion valuation comes from its ongoing private fundraising round.

OpenAI’s own IPO could come in 2027

OpenAI had previously signaled that it could go public in 2026 before pushing back its plans. Reuters reported that the company could be ready for an IPO in 2027.

The two companies are pursuing capital as sentiment around AI stocks has grown more volatile. Technology shares fell after Democrats swept the U.S. midterm elections, while public opposition to data centers has added to uncertainty over how lawmakers might regulate the infrastructure that AI companies rely on.