💼 OpenAI raises $11 billion at $1.25 trillion valuation

OpenAI closed the first tranche of a new round for $11 billion, according to Bloomberg — the money is already in the company's accounts. The round is expected to grow to ~$20 billion. Coatue Management and T. Rowe Price participated in the first close.

🌍 The private capital market is still financing leading AI laboratories at trillion-dollar valuations, but appetites have shrunk: the plan was lowered from $30+ billion at a $1.4 trillion valuation due to the IPO being pushed back to no earlier than 2027 and a slump in the tech sector.

👤 The funds are going into the infrastructure on which ChatGPT and other models operate. Key figures: $11 billion received, ~$20 billion expected, valuation increased from $852 billion in March 2026 to $1.25 trillion.

Source 1: https://www.bloomberg.com/news/articles/2026-11-06/openai-completes-11-billion-portion-of-funding-at-1-25-trillion-value Source 2: https://techcrunch.com/2026/11/06/openai-reportedly-raises-an-additional-11-billion-at-a-1-25-trillion-valuation/