Reports indicate OpenAI has completed its first new financing round of $11 billion, valuing the company at $1.25 trillion.
OpenAI has completed its first $11 billion financing round, valuing the company at $1.25 trillion. The remaining portion is expected to close within weeks, with a total potential amount of up to $20 billion. This reduced from an original plan of $30 billion due to selling pressure in public AI stocks. Investors include SoftBank and Sequoia Capital.
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