From RuntimeWire · RuntimeWire · · 40s
OpenAI Gets $11B Funding at $1.25T Valuation
OpenAI secures $11 billion in funding at $1.25 trillion valuation, down from $1.4 trillion target.
In brief
OpenAI secures $11 billion in funding at $1.25 trillion valuation, down from $1.4 trillion target. OpenAI received $11 billion in its next funding round at a $1.25 trillion valuation, below its initial $1.4 trillion target. Originally reported by RuntimeWire.
OpenAI Funding Round
Sam Altman's OpenAI received the first $11 billion of its next funding round at a $1.25 trillion valuation, according to Bloomberg.
Funding Target Adjustment
The round's valuation dropped from a $1.4 trillion target to $1.25 trillion, showing public-market skepticism about AI infrastructure spending.
Funding Timeline
The funding was wired to OpenAI on Friday, November 6th, with the rest of the round potentially bringing the total to $20 billion in coming weeks.
In short
OpenAI received $11 billion in its next funding round at a $1.25 trillion valuation, below its initial $1.4 trillion target.
