OpenAI reportedly raises $11 billion at $1.25T valuation
SiliconANGLE: OpenAI reportedly raises $11B in new funding at $1.25T valuation
OpenAI Group PBC has reportedly raised $11 billion as part of a funding round that could nearly double in size over the coming weeks. Sources told Bloomberg that investors wired the funds to the company today. The tipsters didn’t name the backers. The list of possible participants includes Microsoft Corp., which contributed to at least […] The post OpenAI reportedly raises $11B in new funding at $1.25T valuation appeared first on SiliconANGLE.
Part of a story that several outlets report: OpenAI reportedly raises 11 billion dollars
OpenAI has reportedly raised $11 billion in funding, with the possibility of raising up to $9 billion more in the coming weeks, valuing the company at $1.25 trillion. This funding round matters because it reflects investor confidence in the company's growth, as its enterprise business saw sales more than double and the company closed the previous quarter with $50 billion in net annualized revenue. The context for understanding this is that OpenAI plans to go public in 2027, and this cash infusion will help finance its substantial infrastructure expenses, particularly its significant chip and data center commitments. Additionally, this valuation positions OpenAI competitively against Anthropic, another AI company preparing for an upcoming initial public offering.
One short email a day with the stories that matter. Free. Unsubscribe with one click.
Want to go deeper than the news? Explore live, cohort-based AI courses taught by practitioners.
Browse AI courses on Maven
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
Anthropic Seeks Record $88.5B Tied To Public Market Debut
Anthropic is seeking to secure up to $88.5 billion in its planned IPO and a concurrent private placement, potentially making it the largest-ever fundraise tied to a public market debut. On Tuesday, the AI giant submitted an updated S-1 filing for its upcoming public offering, unveiling new details including a proposed share price range offering size. The offering could set a fully diluted valuation of up to $1.4 trillion for the San Francisco company. Anthropic’s expected valuation comes in belo
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.