OpenAI has reportedly raised $11 billion in a new funding round that values the company at $1.25 trillion, according to Bloomberg.
The funding is part of a larger round that has not yet closed. The round could reach about $20 billion and is expected to close in the coming weeks, Bloomberg reported, citing people familiar with the matter.
The reported figure is below the $30 billion OpenAI was said to be targeting in September. The company has not publicly confirmed the funding, and TechCrunch said it had reached out for comment.
OpenAI had previously indicated that it could go public this year, but later delayed those plans. The company is now expected by some to pursue an IPO next year.
Source: TechCrunch
