OpenAI secures $11 billion in new funding round
The Decoder: OpenAI lands an $11 billion funding round, but has to court dentists for more capital
OpenAI has secured $11 billion in fresh capital, the first tranche of a round that values the company at $1.25 trillion. The full round could swell to $20 billion. That OpenAI is already turning to wealthy private investors hints at a saturating AI capital market and growing investor caution. The article OpenAI lands an $11 billion funding round, but has to court dentists for more capital appeared first on The Decoder.
Part of a story that several outlets report: OpenAI reportedly raises 11 billion dollars
OpenAI has received approximately $11 billion in new funding at a $1.25 trillion company valuation, with the potential for the full funding round to reach $20 billion in the coming weeks. The company initially sought $30 billion at a higher valuation but reduced its target following an AI-sector selloff. The funding round includes major institutional investors and the company is also recruiting wealthy individual investors through investment banks, reportedly including dentists, which suggests the AI funding market may be either exhausted or overly concentrated on a few companies. This capital challenge comes as competitor Anthropic gains advantages from its Claude Code product's commercial success, putting additional pressure on OpenAI's fundraising efforts.
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Anthropic sets IPO price range of $70 to $78 per share to reach an implied valuation of $1.404 trillion
The company could end up being worth a hefty $1.404 trillion if its shares list at the top of the price range, on a fully diluted basis.
Also reported by SiliconANGLE
Anthropic pushes ahead with pre-Thanksgiving IPO despite tech selloff, accepts lower valuation
Despite the tech selloff, Anthropic is pressing ahead with its IPO at a valuation of $1.25 to $1.75 trillion, well below the hoped-for $2 trillion. The Claude developer aims to raise $80 to $100 billion before Thanksgiving. Rival OpenAI has also recently had to cut its valuation. The article Anthropic pushes ahead with pre-Thanksgiving IPO despite tech selloff, accepts lower valuation appeared first on The Decoder.
Also reported by TechCrunch and The Verge
Taiwan’s chipmaking giant TSMC to invest $1B in Anthropic, OpenAI
Top chip manufacturer TSMC is ready to invest $1 billion in Anthropic and OpenAI. That would give the Taiwanese chipmaker direct stakes in leading AI developers, even as its own contract chipmaking business has profited enormously from the AI data center buildout. The chipmaker’s board approved plans to invest up to $500 million in OpenAI preferred stock reserved for large investors and another $500 million to purchase Anthropic common shares at the latter’s expected IPO price, according to Reut
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With $720M round, Britain’s Fractile gets a leg up in the race for AI chips
Fractile has now become one of the top-funded players in the race for purpose-built AI chips.
Mercor raises $750M at $20B valuation to take AI agent evaluation to enterprises
Artificial intelligence training data company Mercor.io Corp. today revealed that it has raised $750 million in new funding at a $20 billion valuation. Mercor provides the human expertise used to train and evaluate AI models, drawing on a network of more than 5 million domain experts. Most of that work so far has been for […] The post Mercor raises $750M at $20B valuation to take AI agent evaluation to enterprises appeared first on SiliconANGLE.