OpenAI secures $11 billion in new funding
OpenAI had secured $11 billion in the first part of a funding round valuing the company at $1.25 trillion.
SoftBank and MGX participated, according to sources, while the original fundraising target was as high as $30 billion.
The reported valuation is below the previously sought $1.5 trillion level. The development highlights continued demand for AI investment alongside growing investor scrutiny of valuations. The funding details were attributed to sources rather than a formal company announcement.
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