Anabelle Colaco
10 Nov 2026, 12:11 GMT+10
SAN FRANCISCO, California: OpenAI has secured $11 billion in fresh funding at a valuation of $1.25 trillion, below the $1.5 trillion it initially sought, as investor enthusiasm for artificial intelligence companies shows signs of cooling.
The funding represents the initial portion of a larger fundraising round, a source familiar with the matter said on November 6.
OpenAI had originally targeted raising as much as $30 billion, but the $11 billion secured so far accounts for only part of that amount, according to the report.
Two investors said the ChatGPT maker's valuation had also fallen from the $1.5 trillion level it initially sought.
SoftBank and MGX participated in the funding, the investors said.
Bloomberg News first reported the development on November 6.
The fundraising comes as sentiment toward artificial intelligence companies has weakened over the past month.
Some investors have valued rival AI company Anthropic's planned initial public offering at approximately $1.5 trillion, compared with earlier expectations of around $2 trillion.
The lower valuation expectations for both companies come amid a broader cooling in investor sentiment toward the AI sector.
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