A new round that hasn't closed yet reportedly values OpenAI at $1.25 trillion, months after a $122 billion raise.
OpenAI has reportedly raised an additional $11 billion as part of a funding round still being finalized, pushing its valuation to $1.25 trillion, according to Bloomberg. The round is expected to close in the coming weeks.
The jump comes just months after OpenAI closed $122 billion in prior funding, underscoring investor willingness to keep funneling capital into the company despite no public profitability benchmark.
A $1.25 trillion private valuation sets the bar every AI competitor and infrastructure partner gets measured against, and it arrives right as rival Anthropic preps an IPO that will force public markets to price AI for the first time. Leaders should watch whether revenue and spending data catch up to the valuation story, or whether this is capital chasing narrative.
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