Business · Companies · 43 mins ago
OpenAI raises $11 billion in funding at a $1.25 trillion valuation
OpenAI has raised $11 billion in the first part of a new funding round, according to people familiar with the deal.
The company that makes ChatGPT is valued at $1.25 trillion in the round.
The total could reach $20 billion in the coming weeks, when the remaining funding is expected to be completed.
OpenAI had initially aimed to raise at least $30 billion at a $1.4 trillion valuation, but cut its fundraising target.
The change comes as investors have pulled back from AI stocks and raised concerns about the high cost of building AI infrastructure.
OpenAI had raised $122 billion in a funding round in March, at an $852 billion valuation.
OpenAI has raised $11 billion in the first part of a funding round that values the company at $1.25 trillion, according to reports citing people familiar with the matter.
The funds had been transferred to the company by Friday, the reports said.
The round could reach $20 billion, with the remainder expected to be completed in the coming weeks.
OpenAI had initially aimed to raise at least $30 billion at a valuation of about $1.4 trillion.
The company scaled back its target amid a slump in AI stocks and investor concerns about spending on AI infrastructure.
- Who
- OpenAI, the developer of ChatGPT, raised the funding from investors whose identities were not stated.
- What
- It raised $11 billion in the first part of a funding round valuing it at $1.25 trillion.
- When
- The funds had been transferred by Friday; the articles were published on November 6 and 7, 2026.
- Where
- Not stated.
- Why
- OpenAI was raising funding; it reduced its original target amid a downturn in AI stocks and investor concerns about AI infrastructure costs.
This story does not have two clearly opposing sides.
OpenAI initially targeted raising at least $30 billion at a valuation of about $1.4 trillion.
The $11 billion first part of the round had been transferred to OpenAI.
The remaining portion of the round, which could bring it to $20 billion, is expected to be completed.
- Funding raised
- $11 billion
- Company valuation
- $1.25 trillion
- Potential total round
- Up to $20 billion
- Initial funding target
- At least $30 billion
- Initial target valuation
- About $1.4 trillion