OpenAI reportedly raises $11 billion in new funding at a $1.25 trillion valuation

OpenAI has raised $11 billion at a $1.25 trillion valuation in its latest funding round. The round has not yet officially closed and is expected to wrap up in the coming weeks, with the total potentially reaching around $20 billion—below its previously reported $30 billion target. Meanwhile, prospective buyers' valuation expectations for rival Anthropic's IPO have also dropped to around $1.1 trillion, while OpenAI is expected to delay its IPO until next year to seek an opportune window.