OpenAI has reportedly received the first $11 billion of a new funding round, with investors wiring the money on Friday 6 November, according to Bloomberg. The round values the company at $1.25 trillion. OpenAI declined to comment, and no investors have been named.
The $11 billion is only part of the round, now expected to total about $20 billion, which leaves roughly $9 billion to arrive in the coming weeks. In late September the target was reported as at least $30 billion at $1.4 trillion. Bloomberg ties the smaller round to a selloff in AI stocks and doubts over infrastructure spending, but CFO Sarah Friar rejected the idea that OpenAI has lowered its ambitions.
OpenAI graphic used by SiliconANGLE with its funding report
Image: SiliconANGLE
The valuation is about 47% above the $852 billion set in March, when a $122 billion round drew Microsoft, Nvidia, Amazon and SoftBank among others. OpenAI ended the third quarter with roughly $50 billion of annualised net revenue, the Financial Times reports. Greg Brockman said growth sped up after the GPT-5.6 Sol launch in June.
About OpenAI
OpenAI has raised money in ever larger rounds. In October 2024 it completed a $6.6 billion raise at a $157 billion valuation, with Microsoft, Nvidia and SoftBank among the investors.
In April 2025 it raised $40 billion at a $300 billion post-money valuation, led by SoftBank with Microsoft, Coatue and Altimeter among others, then the largest private tech deal on record. In March 2026 it closed a round of $122 billion in committed capital at an $852 billion post-money valuation.
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Costs are heavy: audited 2025 figures show $13.1 billion of revenue against a loss of about $20.9 billion from operations, and commitments for chips and data centres top $665 billion. An IPO is now expected in 2027, and Anthropic is expected to begin its own IPO process next week.
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