OpenAI Reportedly Valued at $1.25 Trillion in New $11 Billion Funding Round

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According to Bloomberg, OpenAI has been valued at $1.25 trillion in a fresh funding round that brought in an additional $11 billion. The valuation would place the company among the world's most valuable firms. It follows a $122 billion raise in March at an $852 billion valuation. OpenAI is reportedly still seeking further investment that could bring the total to $20 billion, below an earlier target of $30 billion at a $1.4 trillion valuation, which was scaled back after tech stocks fell and public sentiment shifted following the midterm results.

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