OpenAI secures $11 billion in its first funding round, valuing the company at $1.25 trillion.

OpenAI has raised approximately $11 billion in new capital. This is the initial round of a series that could total up to $20 billion. The post-money valuation stands at $1.25 trillion. OpenAI originally planned to raise $30 billion at a valuation of $1.4 trillion, but the amount was reduced due to selling pressure in the AI sector. Investors include Coatue, SoftBank, Sequoia Capital, a16z, and others, with additional capital raised from wealthy individual investors via investment banks.