OpenAI raises eleven billion dollars in ongoing funding round ahead of expected public offering

Artificial intelligence lab OpenAI has pulled in eleven billion dollars in a new funding round that values the company at one trillion two hundred fifty billion dollars. Bloomberg first reported the investment on Friday after speaking with sources close to the matter. The current total is part of a larger round that has not finished yet and could eventually reach about twenty billion dollars in the coming weeks. Earlier in late September, reports indicated the firm hoped to raise thirty billion dollars, meaning the current amount falls below that initial goal. TechCrunch contacted OpenAI to ask for comment. Meanwhile, rival firm Anthropic faces shifting market expectations as well. Potential buyers looking at share sales for an Anthropic initial public offering are eyeing a valuation of about one trillion one hundred billion dollars, which is lower than the two trillion dollars investors expected roughly a month ago. OpenAI previously hinted at going public this year but later pushed back those plans, with expectations now pointing to an initial public offering sometime next year.

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Large technology firms often run massive funding rounds with private investors before offering shares to the general public through an initial public offering. Shifts in political control and public worry over the massive power needs of data centers can create uncertainty for the broader artificial intelligence industry.