OpenAI is valued at $1.25T after raising $11B, up from $852B in March, and it is still looking for more. The tell is the ambition gap: it wanted $30B at $1.4T before tech stocks dropped and AI backlas

What happened: OpenAI is valued at $1.25 trillion in a new funding round that raised $11 billion, per Bloomberg. It is still pursuing investments that could lift the total to $20 billion. Key numbers: $1.25 trillion valuation; $11 billion raised; $122 billion raised in March at an $852 billion valuation; up to $20 billion total possible; initially sought up to $30 billion at a $1.4 trillion valuation. Why it matters: The round would place OpenAI among the world's most valuable companies. The initial target was set before tech stocks dropped and before midterm results. Coverage: 4 outlets in 24h

OpenAI is valued at $1.25 trillion in a new funding round that raised $11 billion, per Bloomberg. It is still pursuing investments that could lift the total to $20 billion.

The round would place OpenAI among the world's most valuable companies. The initial target was set before tech stocks dropped and before midterm results.