OpenAI gets $11 billion funding at $1.25 trillion valuation, source says

OpenAI has recently secured $11 billion in funding, marking the initial stage of a round that has valued the company at an impressive $1.25 trillion, according to a source familiar with the situation. This funding represents just a fraction of OpenAI's original goal of raising up to $30 billion, with the company's valuation also falling from its initial target of $1.5 trillion, as reported by two investors.

Major players SoftBank and MGX were among the investors involved in this significant funding round. Bloomberg News had previously announced the news on the same day. Recently, the outlook for AI companies has become more subdued, with some investors placing a lower valuation on Anthropic's planned IPO, estimating it at around $1.5 trillion, which is lower than the initial expectations of roughly $2 trillion.