OpenAI receives $11B in funding at a $1.25T valuation
OpenAI's first tranche was wired by November 6th, Bloomberg reports. The round could reach $20B, after OpenAI scaled back an earlier $30B-plus target.
By RuntimeWire Staff · Published
Primary source: Bloomberg Technology
Why it matters
The cut from a $30 billion target at $1.4 trillion to an $11 billion first close at $1.25 trillion shows even OpenAI now has to negotiate against public-market skepticism about AI infrastructure spending. For founders and investors, the round is a live price check on how much private capital will fund frontier labs before an IPO market tests the same story.
Sam Altman's OpenAI has received the first $11 billion of its next funding round at a $1.25 trillion valuation, according to Bloomberg. The funding was wired to OpenAI as of Friday, November 6th, and the rest of the round could bring the total to as much as $20 billion in the coming weeks, Bloomberg reported, citing people familiar with the matter.…
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