OpenAI Group PBC has reportedly raised $11 billion in a funding round that could nearly double in size in the coming weeks, according to reportsSources told Bloomberg said investors transferred the funds to the company today.
The tipsters did not reveal the names of the supporters. Potential participants include Microsoft Corp., which has contributed to at least four of OpenAI’s previous rounds. That included its most recent $122 billion capital raise in March, which also included Nvidia Corp., Amazon.com Inc. and about two dozen others.
It is believed OpenAI could raise up to $9 billion in additional funding as part of the round. The deal is expected to value the company at $1.25 billion. This means the company may be on track to surpass Anthropic PBC’s market cap.
Anthropic hopes to achieve a $1.5 trillion valuation in its upcoming IPO. However, several of his investors reportedly don’t think this is a realistic goal. According to the Wall Street JournalOne shareholder reportedly suggested that the company should aim for a valuation of around $1 trillion.
Anthropic’s IPO filing showed quarterly revenue rose 1,127% year-over-year in the third quarter. Last month, the Financial Times reported that OpenAI closed The quarter achieved annual net sales of $50 billion, up 77% year-over-year. The company’s growth was driven by its corporate business, where sales more than doubled.
The latest addition to OpenAI’s portfolio of companies was unveiled on Thursday. GPT-6 Cyber can perform most cybersecurity tasks better than GPT-6 Astra, the company’s most powerful general-purpose model. OpenAI engineers have used it to develop 948 Linux exploits and uncover 81 high-severity zero-day vulnerabilities in Firefox.
OpenAI President Greg Brockman revealed on Wednesday that the company experienced a slowdown in the first half of the year. Growth accelerated following the June launch of GPT-5.6 Sol, the immediate predecessor of GPT-6 Astra. Brockman added that OpenAI’s ChatGPT Work productivity application and coding tools also played a role.
The company plans to go public sometime in 2027. Today’s cash injection should make it easier for OpenAI to finance its high infrastructure spending until it is listed on the stock exchange.
The Information was published in July reported that the ChatGPT developer has chip and data center commitments worth more than $665 billion. OpenAI partnered with Broadcom Inc. to develop a custom inference accelerator to reduce its long-term hardware expenses.
For its part, Anthropic is expected to begin its IPO roadmap next week. The company allegedly plans to go public before Thanksgiving.
Photo: OpenAI
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