OpenAI

Artificial Intelligence · Venture Capital

Funding

OpenAI reportedly raises $11B at $1.25 trillion valuation

Investors pulled back sharply from the original $30 billion ask, signaling growing unease over runaway AI valuations.

• OpenAI wired roughly $11 billion as the first tranche of a funding round that values the company at $1.25 trillion, with Coatue Management and T. Rowe Price among the lead contributors.
• OpenAI, the maker of ChatGPT, is raising fresh capital after delaying a planned IPO, which is now expected as early as next year.
• The round's target was cut to about $20 billion from an earlier $30 billion goal, and the valuation slid from a sought $1.4-1.5 trillion to $1.25 trillion as investor appetite cooled.
• The $1.25 trillion mark compares with the $852 billion valuation OpenAI secured just eight months earlier in a $122 billion raise this past March.
• The pullback coincides with reports that buyers are eyeing a lower valuation for rival Anthropic's upcoming IPO, down to as little as $1.1 trillion from roughly $2 trillion expected a month earlier.
• OpenAI is now courting family offices and high-net-worth individuals to push the round toward its revised $20 billion ceiling in the coming weeks.
• The shrunken ask shows even the best-funded AI labs are facing investor caution as data-center spending worries and post-election political backlash weigh on the sector.