Bloomberg reported that OpenAI is now valued at $1.25 trillion in a new funding round, according to The Verge. So far the round has raised another $11 billion. In March, OpenAI raised $122 billion at a value of $852 billion. The Verge also said rival Anthropic filed its S-1, the paperwork for a stock market listing, last week.
Bloomberg says OpenAI is still seeking money that could lift the round to $20 billion. It first hoped to raise up to $30 billion at a $1.4 trillion value. The Verge says that was before tech stocks fell and the midterms showed opinion turning against AI companies and data center projects. The sources do not say what the money is for. Earlier this year, Sam Altman said OpenAI would wait to list until it can make firmer safety claims. He also said it is bad for the world if OpenAI waits too long. He gave no date.
A valuation is a price investors set, and this round is still open. That is a reason to treat the AI model as a part you can swap. An app is tied to one vendor through its API calls and tuned prompts. Switching means rewriting those calls and retesting the prompts. This is our reading, not something the sources say.