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OpenAI reportedly raises US$11 billion in funding round to reach US$1.25 trillion valuation

OpenAI reportedly raised US$11 billion to reach a US$1.25 trillion valuation, though the company has not confirmed the deal.

Updated 2 min read

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OpenAI, the San Francisco firm creating ChatGPT, reportedly secured approximately US$11 billion in funding wired on Friday, 6 November, valuing the company at US$1.25 trillion. This figure represents a significant increase from the US$852 billion valuation confirmed in March, though the company has issued no official statement regarding the new deal. Reports suggest the total round could eventually reach US$20 billion with further commitments expected in the coming weeks.

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OpenAI reportedly raises US$11 billion in funding round to reach US$1.25 trillion valuation

Reports indicate that OpenAI has received approximately US$11 billion in a major funding round, valuing the artificial intelligence firm at US$1.25 trillion. This injection of capital represents the first phase of a potential fundraising effort that could total up to US$20 billion over the coming weeks. The valuation nearly doubles the company's previous worth, reflecting intense investor interest in the sector. However, OpenAI has not officially confirmed these figures, leaving the details subject to verification from independent sources.

The Rio TimesSiliconANGLE

OpenAI lowers valuation target to $1.25 trillion ahead of 2027 IPO

The creator of ChatGPT, OpenAI, has lowered its valuation target to $1.25 trillion after some investors resisted a higher price of $1.4 trillion. The company is currently seeking to raise $30 billion in fresh capital. This revised valuation represents an increase of nearly 50% over its current valuation. The funding round is a precursor to a potential initial public offering (IPO) planned for 2027.

Business Standard

OpenAI seeks $30 billion bridge funding round before IPO

OpenAI is in the process of securing a $30 billion bridge funding round. This capital injection is intended to tide the company over before it pursues an initial public offering. The move signals the company's continued need for massive private investment to fuel its AI development. The funding round comes as the organization evaluates its long-term corporate structure and public market readiness.

SiliconANGLE

OpenAI nears $30 billion funding round at $1.25 trillion valuation

The San Francisco-based AI developer is close to securing up to $30 billion in new capital. Sources tell CNBC that the round is led by investors from the UAE. This funding is intended to support the company's growth ahead of a potential IPO in 2027. The deal would place OpenAI's valuation at approximately $1.25 trillion.

CNBC

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