OpenAI raises $11B at $1.25T valuation

openai has reportedly raised $11 billion in a new funding round that values the company at $1.25 trillion. the funding is part of a larger round expected to total about $20 billion, which is short of the initially targeted $30 billion. this development comes as the ai market faces potential regulatory challenges and jitters around data centers. openai's valuation is significant, especially when compared to its competitor anthropic, which is eyeing a valuation as low as $1.1 trillion in its ipo. openai had previously planned to go public this year but delayed its plans, with expectations of an ipo next year.