OpenAI gets $11 billion funding at $1.25 trillion valuation: Report
OpenAI completed a substantial funding round, securing $11 billion to increase its valuation to $1.25 trillion. The funding was finalized after the company scaled back its initial plans for over $30 billion. Citing market conditions, OpenAI has encountered shifting investor sentiment toward AI investments and infrastructure costs. Additional funds, which may raise the total to $20 billion, are expected to close soon.
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