AI News

Trending story Continuously updated

OpenAI Completes First Closing of $11 Billion in New Funding Round

13 reports3 discussions16 story updatesUpdated Nov 7 15:29

Understand this story

AI overview

OpenAI has completed the first $11 billion closing of its new funding round, valuing the company at $1.25 trillion. According to Bloomberg, people familiar with the matter said the first installment was wired to OpenAI's accounts as of Friday, with the remainder of the round expected to be completed in the coming weeks, potentially totaling up to $20 billion. Reuters reported that the $1.25 trillion valuation is below the $1.5 trillion level OpenAI initially sought, and the first $11 billion is only part of its funding target of up to $30 billion, with SoftBank and MGX participating. OpenAI originally planned to raise at least $30 billion at a $1.4 trillion valuation, but later scaled back the plan after AI stocks sold off sharply in public markets. By comparison, OpenAI's previous funding round announced on March 31, 2026, secured $122 billion in committed capital at a post-money valuation of $852 billion, led by Amazon, NVIDIA and SoftBank.

AI-generated from public reports

Latest development · Report

Anthropic IPO valuation expectations lowered, market worries AI stock selloff could affect listing

Developments

1 confirmed developments

  1. OpenAI completes first tranche of new $11 billion funding round

    Source:Unite.AI

Reports and discussion timeline

Browse reports and discussion by time. Their evidence levels remain distinct.

Nov 7

  1. cnBeta

    Anthropic IPO valuation expectations lowered, market worries AI stock selloff could affect listing

    According to foreign media reports, Anthropic's expected IPO valuation has been lowered from about $2 trillion to $1.5 trillion. Some potential investors are discussing a range of $1.2 trillion to $1.3 trillion, and are even considering pushing it down to $1.1 trillion. Traders on Kalshi believe the probability that Anthropic completes its IPO this year has dropped from close to 90% to less than 60%, and some investors question whether it can start its roadshow in the week of November 9. The prospectus shows that Anthropic's third-quarter revenue was $16.956 billion, up about 47% quarter-on-quarter, and its long-term computing power purchase and leasing commitments amount to as much as $895.4 billion.

  2. cnBeta

    OpenAI Secures $11 Billion in Funding at a $1.25 Trillion Valuation, Full-Year Funding Target Shrinks

    Bloomberg, citing people familiar with the matter, reported that investors transferred about $11 billion into OpenAI's account on Friday, with the remaining funds expected to arrive in the coming weeks. OpenAI initially planned to raise more than $30 billion in this round at a target valuation of $1.4 trillion, then lowered it to about $20 billion and $1.25 trillion. The company completed a $122 billion funding round in March this year at a valuation of about $852 billion at the time; its listing plan has been postponed, and the market expects an IPO may launch in 2027.

  3. cnBetaRelated discussion

    cnBeta joined this discussion

    This post contributes to heat; it is not a formal report or confirmed fact.

  4. East Money

    OpenAI's new funding round: first tranche of $11 billion received, valuation $1.25 trillion

    According to people familiar with the matter, OpenAI has received about $11 billion as the first tranche of its new funding round, valuing the company at $1.25 trillion, with the total amount of this round potentially reaching up to $20 billion. OpenAI initially planned to raise at least $30 billion at a valuation of $1.4 trillion, but scaled back the plan due to the sharp sell-off of AI stocks in public markets; in March of this year, it had raised $122 billion at a valuation of $852 billion. Over the same period, Anthropic's expected IPO valuation also fell from the $2 trillion cited by some investors to $1.5 trillion, with the latest discussion range being $1.2 trillion to $1.3 trillion.

  5. East MoneyRelated discussion

    East Money joined this discussion

    This post contributes to heat; it is not a formal report or confirmed fact.

  6. Cailian Press

    OpenAI's new funding: first tranche of $11 billion received, valuation drops to $1.25 trillion

    According to people familiar with the matter, OpenAI's new funding round has received an initial payment of about $11 billion, valuing the company at $1.25 trillion; the remainder is expected to be completed in the coming weeks, with the total raise potentially reaching as much as $20 billion. Earlier reports said OpenAI initially planned to raise at least $30 billion at a valuation of $1.4 trillion. Over the same period, Anthropic's expected IPO valuation also fell from the $2 trillion some investors had envisioned to $1.5 trillion, with the latest discussion range at $1.2 trillion to $1.3 trillion.

  7. Cailian PressRelated discussion

    Cailian Press joined this discussion

    This post contributes to heat; it is not a formal report or confirmed fact.

  8. 36Kr · AI

    OpenAI Completes First Tranche of About $11 Billion in Financing at a $1.25 Trillion Valuation

    Bloomberg, citing people familiar with the matter, reported that OpenAI has completed the first tranche of its new funding round at about $11 billion, corresponding to a valuation of $1.25 trillion; the remainder is expected to be completed in the coming weeks, and the total for the entire round could reach $20 billion. This scale is lower than the at-least $30 billion fundraising target and roughly $1.4 trillion pre-money valuation reported at the end of September. At the end of October, the Financial Times said the target had been lowered to about $20 billion and the valuation to $1.25 trillion. OpenAI CFO Sarah Friar said at Citi's TMT Leadership Conference that the company still needs to continue investing to meet customer demand, and said it is still studying the possibility of an IPO in 2027.

  9. Phoenix Technology

    OpenAI Completes First Tranche of Roughly $11 Billion in Financing, Valuation Reaches $1.25 Trillion

    According to Bloomberg, OpenAI has completed the first tranche of its new round of financing, worth about $11 billion, with the company valued at $1.25 trillion; the total amount of this financing round may reach up to $20 billion. Investors participating in the first tranche include Coatue Management and T. Rowe Price, while SoftBank, Sequoia Capital, Founders Fund, Andreessen Horowitz and a consortium of UAE investors are also among the investors in this round. OpenAI initially planned to raise at least $30 billion at a valuation of $1.4 trillion, but scaled back the financing plan due to the decline in the AI sector's public markets; CEO Altman said the company will not launch an IPO in 2026.

  10. TMTPost · AGI

    Edge AI Daily Morning Brief (November 7): Anthropic advances…

    Anthropic files an amended S-1 to advance its IPO, with a valuation range of $1.5 trillion to $2 trillion, planning to raise up to $100 billion under the ticker ANT on Nasdaq; OpenAI completed the first closing of approximately $11 billion at a pre-money valuation of $1.25 trillion. OpenAI released GPT-6 Cyber, a model dedicated to cybersecurity, which discovered 81 previously unknown high-severity vulnerabilities in Firefox, scoring 48.5% on ExploitGym, and is not yet open to the public. NVIDIA says a single Vera CPU can support 1.6 times more Agents per watt, and Vera Rubin NVL72 delivers up to 30 times higher throughput per dollar than GB300 NVL72.

  11. Unite.AI

    OpenAI Completes First Tranche of $11 Billion Funding at a $1.25 Trillion Valuation

    Reuters reports that OpenAI has completed the first $11 billion closing of its new funding round at a company valuation of $1.25 trillion, below the $1.5 trillion level it initially sought and only part of a funding target of up to $30 billion, with SoftBank and MGX participating. By comparison, the previous round announced by OpenAI on March 31, 2026 secured $122 billion in committed capital at a post-money valuation of $852 billion, led by Amazon, NVIDIA and SoftBank. The article also notes that some investors value Anthropic's planned IPO at about $1.5 trillion, below the earlier expectation of about $2 trillion.

  12. The Verge AI

    OpenAI's new funding round values it at $1.25 trillion, Anthropic nears IPO

    According to Bloomberg, OpenAI raised another $11 billion in a new funding round, reaching a valuation of $1.25 trillion. The report says OpenAI is still seeking more investment, and the total raised could increase to $20 billion; it had previously hoped to raise up to $30 billion at a $1.4 trillion valuation. Rival Anthropic filed its S-1 last week to apply for a listing, while OpenAI CEO Sam Altman said earlier this year that the company would delay its IPO until it could make more confident statements about model safety.

  13. SiliconANGLE

    OpenAI reportedly completes $11 billion funding round at a $1.25 trillion valuation

    According to Bloomberg, OpenAI has secured $11 billion in new funding, and the size of this round could increase by up to $9 billion more in the coming weeks, with the company's valuation expected to reach $1.25 trillion. The report says OpenAI plans to go public in 2027, and in July, The Information reported that its chip and data center commitments exceeded $665 billion. OpenAI President Greg Brockman said the company's growth slowed in the first half of the year and picked up again after the release of GPT-5.6 Sol in June.

  14. Phoenix TechnologySelected

    Report: OpenAI Completes First $11 Billion Tranche of New Funding at $1.25 Trillion Valuation

    According to Bloomberg, people familiar with the matter said OpenAI has completed the first tranche of its new funding round of about $11 billion, valuing the company at $1.25 trillion, with the funds transferred to OpenAI's accounts as of Friday. The remainder of the round is expected to be completed in the coming weeks, with the total potentially reaching up to $20 billion. OpenAI initially planned to raise at least $30 billion at a $1.4 trillion valuation, but later scaled back the plan after AI stocks were heavily sold off in public markets.

  15. TechCrunch AI

    OpenAI Reportedly Raises Another $1.1 Billion at a $1.25 Trillion Valuation

    OpenAI has reportedly raised $1.1 billion in a new funding round at a valuation of $1.25 trillion. Bloomberg reported that the round has not yet closed and is expected to be completed within a few weeks, with the total possibly around $2 billion, below the previously reported target of $30 billion. On the same day, Bloomberg also reported that potential buyers in Anthropic's IPO believe its valuation could be as low as $1.1 trillion, whereas about a month ago investors expected $2 trillion.

  16. Rohan PaulSelected

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

    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.

Heat trend for this story

Current
83
Period peak
85 Nov 7 15:00
24-hour change
—

Move the pointer or select the chart to inspect hourly heat. Use the left and right arrow keys with a keyboard.

Related stories

  1. Related storiesAnthropic publicly submits S-1 registration statement for proposed IPO on Nasdaq
  2. Related storiesAlphabet's third-quarter revenue and earnings per share both fell short of expectations
  3. Related storiesMusk says Tesla and SpaceX boards set up special committees to discuss merger
  4. Related storiesMeta executive warns data center election backlash will make AI expansion harder