OpenAI valued at $1.25 trillion as rival Anthropic nears IPO

OpenAI valued at $1.25 trillion, as rival Anthropic nears its IPO

OpenAI raised $11 billion at a $1.25 trillion valuation, according to Bloomberg. The company had raised $122 billion at an $852 billion valuation in March and is still seeking more money, with the round potentially growing to $20 billion.

Why it matters: OpenAI keeps raising private capital at a higher valuation while Anthropic, which has filed for a listing, takes the IPO route.