OpenAI reportedly raises $11 billion in new funding round at a $1.25 trillion valuation

OpenAI has raised $11 billion so far in a new funding round at a $1.25 trillion valuation, according to TechCrunch, with the round still open and expected to close over the coming weeks at a total of roughly $20 billion. That is below the $30 billion the company had reportedly targeted for the raise. The size and valuation underscore the scale of capital still flowing into frontier AI development despite debate over returns on AI spending. What to watch next is whether the round closes at the expected $20 billion and whether the final valuation holds near $1.25 trillion.