AI financing: According to the report, OpenAI raises eleven billion dollars from investors
Bloomberg reports a financing round that could reach up to $20 billion
Quick Look
- According to Bloomberg, OpenAI has raised $11 billion in a new round of financing and is valued at $1.25 trillion.
- The money was transferred on Friday, and the rest of the round worth up to $20 billion is expected to be completed in the coming weeks.
AI-generated summary
Why It Matters
OpenAI originally plans to raise more than $30 billion at a valuation of around $1.4 trillion. The plans were scaled back amid a broader selloff in AI stocks and investor concerns about AI infrastructure spending. Sentiment towards AI companies has cooled over the past month.
Bangalore. According to a media report, ChatGPT developer OpenAI has raised $11 billion in a new round of financing and is valued at $1.25 trillion. The money was transferred to the company on Friday, the Bloomberg news agency reported, citing insiders. The rest of the round, which could reach a total volume of up to $20 billion, is expected to be completed in the coming weeks.
OpenAI originally targeted more than $30 billion at a valuation of around $1.4 trillion, it said. However, the plans have been scaled back amid a broader sell-off in artificial intelligence (AI) stocks and investor concerns about spending on AI infrastructure.
Sentiment towards AI companies has cooled over the past month. Some investors value the planned IPO of rival Anthropic at around $1.5 trillion. Previously, around two trillion dollars had been expected. The Reuters news agency did not initially have a statement from OpenAI.
What to Watch
AI outlook — possibilities, not facts
The remainder of the OpenAI funding round will close in the coming weeks.
Likely · Within weeks
Open Questions
- Which investors are participating in the financing round?
- When exactly will the rest of the round be completed?
- Do OpenAI have statements on the reports?
