OpenAI has raised $11 billion so far in a new funding round that values the company at $1.25 trillion, according to Bloomberg reporting on Friday. The round has not closed yet and is expected to total around $20 billion when it does, sources told Bloomberg. The figures fall short of the $30 billion OpenAI was seeking in late September.
The funding news arrives as Bloomberg also reported that potential buyers of shares in a planned Anthropic IPO see the company's valuation as potentially as low as $1.1 trillion, down from the $2 trillion investors had expected roughly a month ago. OpenAI previously said it would go public this year but delayed those plans. Expectations now point to an IPO next year.