OpenAI valued at $1.25 trillion, as rival Anthropic nears its IPO
OpenAI is now valued at $1.25 trillion in a new round of funding that has raised another $11 billion, according to Bloomberg. That would make it one of the world's most valuable companies, not long after raising $122 billion from investors in March at a valuation of $852 billion. Echoing FT and Wall Street Journal reports from last week, Bloomberg says OpenAI is still pursuing additional investments that could…
Key points
- OpenAI is valued at $1.25 trillion after raising $11 billion in a new funding round.
- Bloomberg says OpenAI is still seeking more investment and could raise up to $20 billion.
- Rival Anthropic filed its S-1 to go public last week.
OpenAI has been valued at $1.25 trillion in a new funding round that raised $11 billion, according to Bloomberg. The figure would place it among the world's most valuable companies, shortly after it raised $122 billion from investors in March at a valuation of $852 billion.
Bloomberg reports that OpenAI is still pursuing additional investment that could lift the total to $20 billion. It had initially hoped to raise as much as $30 billion at a valuation of $1.4 trillion, before tech stocks fell and the midterms showed how much public opinion has turned against AI companies and data center projects.
Rival Anthropic moves toward IPO
OpenAI's rival Anthropic filed its S-1 to go public last week. Earlier this year, OpenAI CEO Sam Altman said the company is holding off on its own IPO until it can make more confident claims about its models' safety.
I think it’s also kind of bad for the world if OpenAI waits too long to go public.
— Sam Altman
What Altman said
Altman did not give a specific timeline for an OpenAI IPO. He said at the time that waiting too long could carry its own risks.
