OpenAI has reportedly raised an additional eleven billion dollars in a financing round expected to value the ChatGPT maker at about 1.25 trillion dollars, TechCrunch reported. The outlet said the round has not fully closed but is on track to add to earlier mega-raises that funded computing build-outs. Huge valuations have drawn both investor enthusiasm and scepticism about whether revenue will catch infrastructure costs. OpenAI continues to strike cloud and chip partnerships while competing with Anthropic, Google and open-source labs. A completed raise at that level would rank among the largest private financings on record and intensify debate over concentration in frontier AI.
Source: TechCrunch AI