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OpenAI has raised about $11 billion so far in latest round, WSJ says
The Wall Street Journal, citing people familiar with the matter, reported that OpenAI has secured about $11 billion in commitments for a round that had targeted $30 billion, at a $1.25 trillion valuation.
- wsj.com is now reporting this
- New headline Was: “OpenAI raises less than half of $30B target”
- Our desk filed its story
OpenAI has so far secured roughly $11 billion in commitments for its latest funding round, less than half of the $30 billion it had initially targeted, The Wall Street Journal reported Friday, citing people familiar with the matter1.
The Journal said the financing values OpenAI at $1.25 trillion, below the $1.4 trillion valuation the company had earlier hoped to achieve1.
The Journal attributed the shortfall to tepid interest from some large investors and to market jitters over the AI trade, which it said had damped appetite for one of the industry's biggest names1.
That account treats the round as incomplete relative to the original target, not as a fully subscribed raise at the terms first sought1.
The Journal did not name the investors in the portion of the report that was available without a subscription, and it did not include an on-record comment from OpenAI in that excerpt1.
It is not established from that reporting whether the round is closed, how much more capital OpenAI still seeks, which firms committed the $11 billion, or whether terms could still change1.
WhatsNewPaper did not independently confirm the commitments, the valuation, or OpenAI's remaining fundraising plans, and the Journal's figures rest on unnamed sources rather than a company filing1.