OpenAI snags $11B funding at $1.25T valuation, seeks dentists for more
openai received $11 billion in new funding at a $1.25 trillion valuation and is seeking more capital from wealthy individual investors, including dentists. this signals a potential slowdown in the ai funding market.
openai has received $11 billion in new funding, part of a round valuing the company at $1.25 trillion. investors include coatue management, t. rowe price, softbank, sequoia capital, founders fund, andreessen horowitz, and a consortium from the united arab emirates. the full round could grow to $20 billion, with the rest expected in the coming weeks. openai originally sought $30 billion at a $1.4 trillion valuation but scaled back after an ai-sector selloff. the company is now working with investment banks to bring in wealthy individual investors, including dentists, to secure additional capital. this development may signal a slowdown in the ai funding market, with anthropic's valuation also under pressure ahead of its planned ipo.