OpenAI has raised $11 billion so far in a new funding round that values it at $1.25 trillion, TechCrunch reported Friday, Nov. 6, citing Bloomberg; the round has not closed and could total about $20 billion. The Verge said OpenAI had initially hoped to raise as much as $30 billion at $1.4 trillion, before tech stocks fell, and was valued at $852 billion in March. The raise comes as rival Anthropic moves toward its IPO.
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AI / AIOpenAI Raises $11 Billion at a $1.25 Trillion Valuation, Short of Its Initial Goal
Bloomberg reported OpenAI has raised $11 billion so far in a round valuing it at $1.25 trillion; the round could reach about $20 billion.
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