OpenAI raises eleven billion dollars at a trillion dollar valuation

OpenAI has raised an additional $11 billion in a funding round that values the company at $1.25 trillion, according to reports from Bloomberg cited by The Verge and TechCrunch. TechCrunch reported that the funding round has not yet closed but is expected to finish in the coming weeks. The total amount raised could reach about $20 billion, according to Bloomberg. [1][2]

The Verge reported that the new funding follows a March investment round where OpenAI raised $122 billion at an $852 billion valuation. Chief executive officer Sam Altman stated recently that OpenAI is prioritizing safety over quickly launching an initial public offering. However, chief financial officer Sarah Friar stated on CNBC that the 2026 midterm elections have not changed the company's plans to target an initial public offering next year, Business Insider reported. [1][3]

OpenAI is an American artificial intelligence public benefit corporation based in San Francisco, California. The company previously launched large language models such as GPT-3 in 2020, GPT-4 in 2023, and GPT-5 in 2025. Its ChatGPT service reached more than 1.2 billion weekly active users by late September 2026. [6][8]

The funding comes as corporate spending growth on artificial intelligence tools faces potential slowdowns. TechCrunch reported that data from Ramp shows token spending grew 1.5% across August and September, down from 42% growth in July. Ramp attributed the plateau in spending to price cuts and tighter cost controls among major corporate clients, even as overall usage volumes increased. [4]