OpenAI raises $11 billion at $1.25 trillion valuation ahead of investor briefing

· Tech · United States

OpenAI has raised an additional $11 billion at a valuation of $1.25 trillion, closing the first part of a funding round that is not yet complete but is expected to close in the coming weeks, according to reports. The company plans to brief investors next week on its third-quarter results. Chief financial officer Sarah Friar has also said that the situation around data centers, which she described in reported remarks as a blue tsunami, did not dramatically change the company's IPO plans, and that OpenAI will keep working to build trust with the communities where it builds data centers. The new capital gives OpenAI one of the largest valuations in the technology industry and comes as investors scrutinize the cost of artificial intelligence infrastructure.

Why it matters：The round values OpenAI at a scale unmatched in the industry and sets the benchmark for how much capital AI developers can still attract while investors question infrastructure spending.

Key points

  • The round is still open; the first $11 billion portion has closed.
  • OpenAI will hold an investor call on Q3 results next week.
  • CFO Sarah Friar said data center controversy has not dramatically changed IPO plans.

Sources (original reporting)

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