OpenAI has raised US$11 billion so far in a new funding round that values the ChatGPT maker at US$1.25 trillion, according to Bloomberg, as reported by TechCrunch. OpenAI had not commented at the time of TechCrunch’s report.
Short of the target
| Detail | Reported figure |
|---|---|
| Raised so far | US$11b |
| Valuation | US$1.25t |
| Expected total | about US$20b, per a source |
| Earlier reported target | US$30b at US$1.4t (September) |
The round has not closed and is expected to wrap up in the coming weeks, according to Bloomberg’s source.
A jittery market
The report lands as investors reassess AI stocks. TechCrunch notes the Democratic landslide in the US midterm elections, and negative voter sentiment towards data centres, have unsettled markets.
Bloomberg also reported that potential buyers in Anthropic’s planned float are eyeing a valuation as low as US$1.1 trillion, against about US$2 trillion investors were said to expect roughly a month ago. Anthropic filed to list on Nasdaq in October.
OpenAI is expected to pursue its own public listing next year.
Why it matters
These valuations are reported by sources and have not been confirmed by the companies. Still, the gap between targets and what investors will pay suggests the AI funding boom is becoming more selective.
