OpenAI reportedly raises an additional $11 billion at a $1.25 trillion valuation

OpenAI has raised an additional $11 billion in an ongoing funding round that has not yet closed but is expected to conclude in the coming weeks, according to reports. The new capital comes at a reported $1.25 trillion valuation, underscoring investor appetite for the ChatGPT developer despite its heavy spending on compute and model development. The raise extends a period of extraordinary private-market momentum for OpenAI, which has been assembling capital from a mix of strategic and financial backers. The size of the round matters because it gives OpenAI one of the largest war chests in the technology industry as it competes with rivals including Anthropic, Google and Meta in frontier AI. What to watch next is the final close of the round, the confirmed investor roster and whether the $1.25 trillion valuation holds once terms are finalized.