OpenAI Reportedly Raises $11 Billion More at $1.25 Trillion Value
Reports say OpenAI has raised an additional $11 billion in a funding round that has not closed yet, with completion expected in the coming weeks. The reported valuation of the company is $1.25 trillion. Reports say the deal is still being finalised, so details may shift before it is officially announced.
Quick glossaryOpenAI, valuation, funding round
- OpenAI
- A US company best known for ChatGPT, the popular AI chatbot that answers questions and writes text.
- valuation
- The estimated total worth of a company, as investors or markets put a price on it.
- funding round
- A stage where a company collects money from investors, often to pay for growth and new projects.
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