BusinessPhoto: HT BusinessOpenAI Raises $11 Billion in Funding at $1.25 Trillion Valuation
OpenAI has secured approximately $11 billion in new funding, marking the initial close of a round that values the company at $1.25 trillion. The funds were transferred as of Friday, with the total round expected to reach up to $20 billion in the coming weeks. Investors include Coatue Management, T. Rowe Price, SoftBank Group, and Sequoia Capital. OpenAI delayed its IPO plans amid market volatility.
HT Business·


