OpenAI has received about $11 billion as the first part of a new funding round that values the company at $1.25 trillion, Bloomberg reported on Friday, November 6. The money was reportedly wired the same day, and the round could grow to $20 billion in the coming weeks. SoftBank and MGX are said to have taken part.
The figures are below what OpenAI first sought. The company originally aimed for $30 billion or more at a $1.4 trillion valuation, and had at one point pursued $1.5 trillion, but scaled back as AI stocks sold off, according to Reuters.
The previous round, in March, raised $122 billion at an $852 billion valuation. Some social posts cite a $15 billion close, but that figure is unconfirmed and differs from the Bloomberg and Reuters reports. The raise comes as investors question how quickly AI spending can pay off.