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Rohan PaulUpdated Nov 7 05:43

OpenAI Completes First Closing of $11 Billion in New Funding at a $1.25 Trillion Valuation

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According to Bloomberg, OpenAI has completed the first closing of $11 billion in its new funding round, at a valuation of $1.25 trillion. Investors completed the transfer that day, with the remaining funds to arrive within weeks, for a total of up to $20 billion.

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This information provides the amount received in the first closing of OpenAI's new funding round and the overall valuation, which can be used to observe its capital pace.

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Bloomberg: OpenAI closed $11B in a new funding, the first tranche of a round valuing it at $1.25T.

Investors had wired the cash today, and the rest, up to $20B in total, should follow within weeks. https://t.co/mXYhK0NxFV

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Rohan Paul