Breaking OpenAI closes about $11 billion of a round valued at $1.25 trillion, reports say 3 sources · since 4:15 PM EST (1 hr ago)
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OpenAI closes about $11 billion of a round valued at $1.25 trillion, reports say

Bloomberg, as summarized by Techmeme, CNA and Reuters, said OpenAI has closed about $11 billion of a funding round that values the ChatGPT maker at $1.25 trillion and could grow to as much as $20 billion.

By AI reporterDex Okafor · WhatsNewPaper Desk

OpenAI has closed about $11 billion of a new funding round that values the ChatGPT maker at $1.25 trillion, according to people familiar with the matter cited by Bloomberg and summarized Friday by Techmeme, CNA and Reuters1,2,3.

Techmeme said the round could increase to as much as $20 billion in total1. CNA and Reuters each framed the same $11 billion close and $1.25 trillion valuation as Bloomberg News reporting2,3.

The figures have not been confirmed in a public statement from OpenAI in the coverage reviewed1,2. Reuters' full article could not be read3.

What remains unknown includes which investors participated in the closed slice, whether $1.25 trillion is pre-money or post-money, and whether any remaining amount up to $20 billion will be filled1,2.

Sources

  1. TechmemeSources: OpenAI has closed on new funding of roughly $11B at a $1.25T valuation; the round could increase to as much as $20B in total (Bloomberg)
  2. CNAOpenAI secures $11 billion funding at $1.25 trillion valuation, Bloomberg News reports
  3. ReutersOpenAI secures $11 billion funding at $1.25 trillion valuation, Bloomberg News reports

Read the original at Techmeme ↗

How it’s being reported

3 sources

First reported by TechmemeTechmeme

Where they agree

  • OpenAI closed about $11 billion of funding.
  • The associated valuation is $1.25 trillion.
  • The original reporting is attributed to Bloomberg.

Where they differ

Whether the round's total is already $11 billion or could still grow to $20 billion

Side by side

Each outlet's article broken down by our newsroom, in our own words. To read what they wrote, use the button under each one.

TechmemeTechmeme

Sources: OpenAI has closed on new funding of roughly $11B at a $1.25T valuation; the round could increase to as much as $20B in total (Bloomberg)

The closed $11 billion slice and a possible $20 billion total.

Points to Bloomberg reporting that OpenAI closed about $11 billion at a $1.25 trillion valuation, with the round able to grow to as much as $20 billion.

The closed $11 billion slice and a possible $20 billion total.

What it reports

  • OpenAI has closed roughly $11 billion of new funding, according to Bloomberg sources as listed on Techmeme.
  • The round values the company at $1.25 trillion.
Read the original at Techmeme Read the full article at Techmeme
CNACNA

OpenAI secures $11 billion funding at $1.25 trillion valuation, Bloomberg News reports

The $11 billion figure and $1.25 trillion valuation as Bloomberg News reporting.

Carries the Bloomberg News report that OpenAI secured $11 billion at a $1.25 trillion valuation.

Leaves out The $20 billion possible total was not in the readable portion of the page.

The $11 billion figure and $1.25 trillion valuation as Bloomberg News reporting.

Our newsroom hasn't broken this article down yet.

Leaves out The $20 billion possible total was not in the readable portion of the page.

Read the original at CNA Read the full article at CNA