OpenAI reportedly secures $11 billion at a $1.25 trillion valuation

OpenAI has reportedly secured $11 billion so far in a new funding round that values the company at $1.25 trillion. Bloomberg reported the figures on Friday, citing people familiar with the matter. The financing has not yet been completed.

The round is expected to close in the coming weeks and could reach approximately $20 billion, according to one of Bloomberg’s sources. That would be below the $30 billion target Bloomberg reported in late September for OpenAI’s planned fundraising. OpenAI did not immediately comment to TechCrunch.

The report follows separate Bloomberg reporting about possible buyers assessing shares in a potential initial public offering by Anthropic, OpenAI’s main competitor. Some prospective buyers reportedly see Anthropic’s valuation at as little as $1.1 trillion, compared with the $2 trillion investors were said to anticipate about a month earlier.

OpenAI had previously indicated that it might go public this year, but later postponed those plans. Expectations now place a possible IPO sometime next year. The broader AI market is also facing uncertainty, including concerns linked to U.S. midterm election results, opposition to data centers and possible future regulatory action.