OpenAI's new round is filling at a $1.25T valuation with $11B raised so far, but the total may land near $20B versus the $30B it was reportedly after. Same week, Anthropic IPO buyers are eyeing as low

What happened: OpenAI has reportedly raised $11 billion so far in a new funding round that values the AI lab at $1.25 trillion, per Bloomberg. Key numbers: $11 billion raised so far; $1.25 trillion valuation; round expected to total about $20 billion and close in coming weeks; earlier target was $30 billion. Why it matters: The figures fall well short of the $30 billion target reported in late September. The news comes as potential Anthropic IPO buyers reportedly eye a valuation as low as $1.1 trillion. Coverage: 5 outlets in 24h

OpenAI has reportedly raised $11 billion so far in a new funding round that values the AI lab at $1.25 trillion, per Bloomberg.

The figures fall well short of the $30 billion target reported in late September. The news comes as potential Anthropic IPO buyers reportedly eye a valuation as low as $1.1 trillion.