Business2 sources
OpenAI Completes $11 Billion Portion of Funding at $1.25 Trillion Value
Bloomberg Technology · By Natasha Mascarenhas & Rebecca Torrence ·
The Brief
- OpenAI has closed about $11 billion of a new funding round, according to people familiar with the matter.
- The round values OpenAI at $1.25 trillion.
- The round could grow to as much as $20 billion in total.
Why it matters
Confirmed capital at a $1.25T valuation signals OpenAI's financial capacity to keep funding compute and model development, which can affect pricing and availability of its APIs and products over time.
- #openai
- #funding
- #valuation
- #ai-industry
OpenAI has closed on new funding of roughly $11 billion, the initial part of a round that values the company at $1.25 trillion, according to people familiar with the matter.The funding was wired to the company as of Friday, said the people, who spoke on condition of anonymity as…
Timeline
Bloomberg reports OpenAI has closed about $11 billion of funding at a $1.25 trillion valuation
Bloomberg Technology
OpenAI Completes $11 Billion Portion of Funding at $1.25 Trillion Value
Techmeme
Sources: OpenAI has closed on new funding of roughly $11B at a $1.25T valuation; the round could increase to as much as $20B in total (Bloomberg)
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Bloomberg Technology
OpenAI Completes $11 Billion Portion of Funding at $1.25 Trillion Value