From The Verge · Stevie Bonifield · · 1m 10s
OpenAI hits $1.25 trillion valuation as Anthropic files for IPO
OpenAI raised $11 billion in new funding to reach a $1.25 trillion valuation, while rival Anthropic moves toward going public. OpenAI's CEO says the company is prioritizing safety over rushing to an IPO.
In brief
OpenAI raised $11 billion in new funding to reach a $1.25 trillion valuation, while rival Anthropic moves toward going public. OpenAI's CEO says the company is prioritizing safety over rushing to an IPO. OpenAI reached a $1.25 trillion valuation after raising $11 billion, though it fell short of its $30 billion target…
OpenAI reaches $1.25 trillion valuation
OpenAI is now valued at $1.25 trillion after raising $11 billion in new funding, according to Bloomberg. This makes it one of the world's most valuable companies.
Funding fell short of OpenAI's goals
OpenAI had initially hoped to raise $30 billion at a $1.4 trillion valuation, but tech stock declines and public opinion turning against AI companies reduced its target to $20 billion.
Anthropic files for IPO as OpenAI waits
Rival Anthropic filed its S-1 to go public last week. OpenAI CEO Sam Altman said the company is holding off on its own IPO until it can make more confident claims about its models' safety.
“I think it's also kind of bad for the world if OpenAI waits too long to go public.”
The headline
OpenAI reached a $1.25 trillion valuation after raising $11 billion, though it fell short of its $30 billion target following tech stock declines and public backlash against AI companies.
