OpenAI valued at $1.25 trillion, as rival Anthropic nears its IPO

Summary

Bloomberg reports that OpenAI is now valued at $1.25 trillion in a new funding round that raised another $11 billion. That follows a $122 billion raise in March at an $852 billion valuation. OpenAI is still pursuing further investment that could bring the total to $20 billion, down from an initial goal of $30 billion at a $1.4 trillion valuation.

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