OpenAI receives about $11 billion, the first part of a round that values it at $1.25 trillion
OpenAI cut its goal after an AI-sector selloff and is now working with banks to bring in wealthy individual investors.
Citing Bloomberg, The Decoder reports that OpenAI has received about $11 billion in new funding, wired on Friday. The money is the first tranche of a round that values the company at $1.25 trillion. The full round could reach $20 billion, with the rest expected in the coming weeks. OpenAI first sought $30 billion at a $1.4 trillion valuation, then scaled back after a selloff in AI stocks. Investors include Coatue Management, T. Rowe Price, SoftBank, Sequoia Capital, Founders Fund, Andreessen Horowitz and a consortium from the United Arab Emirates. OpenAI is also working with investment banks to bring in wealthy individual investors. The Decoder reads this as a sign that the AI funding market is either running out of money or is concentrated on OpenAI and Anthropic. It also says Anthropic's strong business sales of Claude Code add to the pressure on OpenAI. Anthropic is planning its own IPO under similar market conditions. The smaller round shows that even the largest AI developers now face limits on how much private capital they can raise and at what price. That affects how much they can spend on computing infrastructure, and it shows how much investor sentiment has shifted in recent weeks.