Updated

OpenAI has reportedly raised an additional $11 billion in a funding round at a $1.25 trillion valuation, according to Bloomberg, as reported on November 6, 2026. The round has not closed but is expected to in the coming weeks, and OpenAI is pursuing further investment that could lift the total to $20 billion. It follows a $122 billion raise in March at an $852 billion valuation. The Verge noted rival Anthropic is nearing its own IPO.