OpenAI Reportedly Raises US$11 Billion
The Rio Times
Picture: The Rio Times
OpenAI, the San Francisco company behind ChatGPT, has reportedly received about US$11 billion in new funding that values it at US$1.25 trillion. The money was reported to have been wired on Friday 6 November as the first part of a larger round. We found no written OpenAI statement on this round when we wrote, so every figure here is a report, not a company statement. That matters because the valuation would be far above the US$852 billion the company confirmed in March. A reported US$11 billion first close would put OpenAI at about 47% above the US$852 billion value it announced in March, though the company has not yet confirmed the new deal.
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