Bloomberg, citing people familiar with the matter, reported that OpenAI has so far secured about $11 billion in a new funding round that values the artificial intelligence lab at $1.25 trillion. Bloomberg says the $11 billion is part of a larger funding round that has not yet closed.
Round may close at around $20 billion, below earlier targets
According to the report, the financing round is expected to close in the coming weeks and could total roughly $20 billion. That figure is well below a late-September Bloomberg report that said OpenAI was seeking to raise $30 billion in the round.
TechCrunch contacted OpenAI for comment and said it would update the story if the company responds.
Related market moves: Anthropic and investor sentiment
Also on the same day, Bloomberg reported that potential buyers of shares in an IPO for OpenAI rival Anthropic are considering substantially lower valuations than previously expected. Some prospective buyers reportedly believe Anthropic’s valuation could be as low as $1.1 trillion, compared with about $2 trillion that investors were said to be expecting roughly a month earlier.
IPO timing and broader market uncertainty
OpenAI had earlier indicated plans to go public this year but delayed those plans. Current expectations place a possible IPO sometime next year.
The AI market is operating amid notable uncertainty. The Democratic victories in the U.S. midterm elections, and strong negative voter sentiment regarding data centers, have shaken investor confidence and raised concerns about potential regulatory challenges ahead.
Summary
Bloomberg’s sources indicate OpenAI has raised $11 billion so far in an ongoing funding round valuing it at $1.25 trillion, with the round possibly ending near $20 billion—short of earlier $30 billion targets. The report comes alongside indications that Anthropic’s potential IPO valuation has softened and amid broader market jitters following the U.S. midterms.
