OpenAI reportedly raises $11 billion so far at a $1.25 trillion valuation
The round is not closed yet, and the sum collected to date falls short of the $30 billion target reported earlier.
OpenAI has reportedly collected $11 billion so far in a funding round that puts the company at a $1.25 trillion valuation, according to Bloomberg's sources. That sum is part of a larger round not yet closed, which could reach roughly $20 billion once it wraps up in the coming weeks. Earlier reporting had pegged the target at $30 billion, so the figures collected to date fall short of it. The same day, Bloomberg reported that some potential investors in Anthropic's planned IPO believe its valuation could be as low as $1.1 trillion, well under the $2 trillion investors were reportedly expecting about a month earlier. OpenAI had hinted at a public listing this year but has since pushed those plans back, with an IPO now widely expected next year. The reporting lands amid market jitters tied to Democratic gains in the U.S. midterms and negative voter sentiment about data centers, which many expect to bring regulatory challenges.
Why it matters
For people who follow the AI industry, the reports suggest that investor appetite for the largest AI companies remains high, but the gap between target and amount raised so far, along with the delay of OpenAI's expected listing to next year, shows that expectations are being revised. The reports also point to a more cautious market, with the Anthropic valuation estimates falling well below earlier expectations and wider jitters tied to the midterms and voter concern about data centers. Whether the round closes near $20 billion or grows toward the earlier $30 billion goal will show how much confidence investors keep in the sector.
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