OpenAI secures $11 billion funding at $1.25 trillion valuation, Bloomberg News reports

OpenAI has reportedly secured an additional $11 billion in a new funding round, bringing its valuation to an impressive $1.25 trillion. According to Bloomberg, the $11 billion is part of a larger funding round that has not yet closed. The total amount could reach around $20 billion in the coming weeks, according to a source cited by Bloomberg.

Earlier reports suggested that OpenAI aimed to raise $30 billion in the upcoming round, but the current figures are far from that target. The news emerges shortly after Bloomberg reported that potential buyers for Anthropic, OpenAI's main competitor, are considering a significantly lower valuation for the company's upcoming IPO.

Some buyers believe Anthropic's valuation could dip as low as $1.1 trillion, down from the estimated $2 trillion expected just a month ago. OpenAI had previously indicated plans to go public this year but has since postponed its IPO. The AI market is currently facing significant uncertainty, with the recent Democratic victory in the U.S. midterms and voter disapproval of data centers raising concerns about potential regulatory hurdles in the future.