OpenAI has closed on approximately $11 billion in new funding, according to sources familiar with the matter. The deal values the company at $1.25 trillion.
The funds were reportedly transferred on November 6, 2026. The funding is the first part of a larger round that could reach up to $20 billion in the coming weeks.
OpenAI initially sought to raise $30 billion. It had targeted a $1.4 trillion valuation but scaled back its ambitions amid a selloff in AI-related stocks and shifting market sentiment. Some large investors reportedly showed less interest than the company had initially anticipated.