OpenAI Reportedly Closes Initial $11 Billion in New Funding at $1.25 Trillion Valuation

OpenAI has completed an initial tranche of approximately $11 billion in new funding, with the capital already deposited into its accounts, valuing the company at $1.25 trillion. People familiar with the matter said the remainder of the round is expected to close within weeks and could reach up to $20 billion in total, with first-tranche investors including Coatue Management and T. Rowe Price. Influenced by factors such as a sell-off in publicly traded AI stocks, the company previously scaled back its initial plan to raise at least $30 billion at a $1.4 trillion valuation.