OpenAI has reportedly raised $11 billion in a new round of funding, valuing the company at $1.25 trillion.

On November 7, according to TechCrunch, OpenAI has raised $11 billion to date in its latest funding round, valuing the company at $1.25 trillion.

According to sources familiar with the matter, the funding round is still ongoing and is expected to close in the coming weeks, with the total amount potentially reaching around $20 billion. Earlier reports indicated that OpenAI had initially planned to raise $30 billion in this round.