OpenAI raises $11 billion at $1.25 trillion valuation

· Tech · United States

OpenAI has secured $11 billion in funding at a $1.25 trillion valuation, a source said, as the AI giant presses ahead with expansion despite the Democrats' midterm sweep. CFO Sarah Friar told CNBC that voters' support for data-centre restrictions 'didn't dramatically change' its IPO plans, and the company will keep investing in AI data centres and work to build trust with host communities. The comments came as several newly elected Democrats and Senator Bernie Sanders renewed calls for data-centre moratoriums. Separately, Nvidia pushed back after CEO Jensen Huang was asked to brief Congress on reported ties to a Chinese 'asset'.

Why it matters：OpenAI's funding and its determination to keep building data centres show the AI boom's momentum despite political headwinds and market turmoil.

Key points

  • The round values OpenAI at $1.25 trillion.
  • Its CFO says the election did not dramatically change IPO plans.
  • Democrats and Bernie Sanders renewed calls for data-centre pauses.

Sources (original reporting)

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