OpenAI reportedly raises $11 billion at a $1.25 trillion valuation

TechCrunch, citing Bloomberg, reports OpenAI has raised $11 billion so far in a round that could reach about $20 billion and close in the coming weeks. Bloomberg had reported a $30 billion goal in September. CFO Sarah Friar told CNBC the company will keep investing in infrastructure despite the midterm results and is still looking at a 2027 debut.

Why it matters: The round falls short of the reported goal, at a moment when investors are repricing the whole sector.

Raised so far

$11 billion (reported)

Possible total

About $20 billion (reported)

Valuation

$1.25 trillion (reported)