OpenAI has reportedly raised 11 billion dollars at a 1.25 trillion dollar valuation — but the figure is far short of what the ChatGPT maker originally set out to raise.
Bloomberg reported on Friday, 6 November 2026, citing people familiar with the matter, and Reuters confirmed it from its own source: OpenAI has closed the first 11 billion dollars of a new funding round valuing the company at 1.25 trillion dollars. The money was wired on Friday, 6 November.
The round has not fully closed. It could total about 20 billion dollars, with up to 9 billion dollars more expected in the coming weeks. OpenAI has not officially confirmed the figures and declined to comment, so all numbers should be read as reported, not announced.
In late September, Bloomberg reported that OpenAI was seeking 30 billion dollars at about a 1.4 trillion dollar valuation. The first close is less than half the original ask — the clearest sign yet of cooling investor appetite for big AI bets after this week’s sharp sell-off in AI stocks.
The valuation is still about 47 per cent above the 852 billion dollars set in March 2026, when OpenAI closed a record 122 billion dollar round. Participants in the first close include SoftBank and Abu Dhabi’s MGX, plus Coatue Management, T. Rowe Price, Sequoia Capital, Founders Fund and Andreessen Horowitz, per reports. OpenAI had delayed its IPO plans; an IPO is now expected in 2027.
In a related development, OpenAI released GPT-6 Cyber, its first model rated “Critical” for cyber under its safety framework, restricted to vetted security researchers.
It has been a huge week for tech, from Tesla winding down Cybertruck production to make room for the Cybercab to the US jobs report beating forecasts with 165,000 new jobs. OpenAI’s raise shows the AI boom is still enormous — just not quite as hot as it was.
Bhudev Bhagaliya is an experienced and senior journalist who has carved a distinct niche for himself in the world of Hindi journalism through his profound understanding and precise writing style. With over two decades of experience in the field of journalism, he has held key responsibilities at Dainik Hindustan for 12 years and at Amar Ujala for one year. Currently, he serves as the Content Editor for the Jagrook Youth News newspaper and portal, where he plays a crucial role in ensuring the quality and credibility of the news content. Bhudev Bhagaliya consistently writes about issues that help raise awareness within society and among the younger generation.