OpenAI reportedly raises an additional $11 billion at a $1.25 trillion valuation

OpenAI has reportedly raised $11 billion so far in a new funding round valuing the AI lab at $1.25 trillion, part of a round expected to close in the coming weeks at about $20 billion, Bloomberg reported. The figures fall short of the $30 billion round Bloomberg reported OpenAI was seeking in late September. The news follows a Bloomberg report that potential Anthropic IPO share buyers are eyeing a valuation as low as $1.1 trillion, versus the $2 trillion investors were said to expect about a month ago.