Business & Finance
OpenAI raises $11 billion at $1.25 trillion valuation, CFO confirms
Friar disputes that the higher $1.4 trillion figure came from OpenAI, as rival Anthropic plans a mid-November Nasdaq listing.
The short version
- OpenAI is valued at $1.25 trillion in a new funding round that has raised $11 billion, according to Bloomberg.[The Verge]
- CFO Sarah Friar confirmed the $1.25 trillion pre-money valuation in a TV interview and disputed that the higher $1.4 trillion figure came from OpenAI.[Hacker News]
- Friar said OpenAI's business grew 70% quarter over quarter in the third quarter, a company-stated figure that the cited reporting does not independently verify.[Hacker News]
- Rival Anthropic plans to list on Nasdaq in mid-November, and some investors now value it at about $1.5 trillion, down from roughly $2 trillion.[Hacker News]
Key facts
- OpenAI is valued at $1.25 trillion in a new funding round that has raised $11 billion, according to Bloomberg.[The Verge]
- CFO Sarah Friar confirmed the $1.25 trillion pre-money valuation in a TV interview.[Hacker News]
- Friar said the higher $1.4 trillion or $1.5 trillion figure started with a media report and did not come from OpenAI.[Hacker News]
- SoftBank and Abu Dhabi's MGX took part in the round.[Hacker News]
- Friar said OpenAI's business grew 70% quarter over quarter in the third quarter and its enterprise business doubled.[Hacker News]
- Rival Anthropic plans to list on Nasdaq in mid-November.[Hacker News]
- Some investors now value Anthropic at about $1.5 trillion, down from roughly $2 trillion in earlier expectations.[Hacker News]
What remains uncertain
- The higher $1.4 trillion or $1.5 trillion valuation figure remains disputed, since the CFO says it began with a media report rather than with OpenAI.[Hacker News]
- The $11 billion is described as the first part of the round, so the final total raised remains unsettled.[Hacker News]
- The growth and user metrics are company-stated in an interview, and the cited reporting provides no revenue dollar figures to verify them.[Hacker News]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.