OpenAI Raises 11 Billion Dollars in New Round

Bloomberg reported that OpenAI raised another 11 billion dollars. The money comes from a new round. The round values OpenAI at 1.25 trillion dollars. A valuation is how much a company is worth.

Bloomberg said the round may reach about 20 billion dollars. The round should end in a few weeks.

In March, OpenAI raised 122 billion dollars from people who invest. At that time, the company had a valuation of 852 billion dollars. In late September, Bloomberg reported that OpenAI wanted 30 billion dollars for this round. The amount now is far below that goal.

Anthropic is a company like OpenAI. Last week, it filed papers to sell shares to the public.

Sam Altman said OpenAI puts safety first. The company is in no hurry to sell shares to the public. It wants to be more sure of what it says about its models. Sam Altman also said it would be bad for the world if the company waited too long. Altman gave no date.

Earlier, OpenAI hinted it would sell shares to the public this year. Now it is expected to do that next year.