OpenAI valued at $1.25 trillion as new $11 billion funding round closes

OpenAI is valued at $1.25 trillion after raising $11 billion in a new round today, The Verge reports, citing Bloomberg. The deal would vault the ChatGPT maker among the world’s most valuable companies and intensify the race for capital in AI amid heavy infrastructure spending. It also lands as rival Anthropic moves toward an initial public offering, reshaping competitive dynamics and investor appetite across public and private markets.

The Verge notes the raise follows a March funding haul of $122 billion at an $852 billion valuation and echoes reporting from the Financial Times and the Wall Street Journal. Further terms, lead investors, board implications, and any governance changes were not immediately disclosed by the companies. Watch for regulatory filings, a detailed cap table, revenue guidance, and the timing and pricing of Anthropic’s IPO. [Developing. This article will be updated.]