Source time Edition date
IndustryThe Verge AI
OpenAI valued at $1.25 trillion, as rival Anthropic nears its IPO
OpenAI估值1.25万亿美元，竞争对手Anthropic临近IPO
OpenAI settled for a $1.25 trillion valuation below its $1.4 trillion target, so prospective OpenAI investors must weigh a smaller-than-hoped raise against Anthropic's approaching IPO.
Judgment
Prospective OpenAI investors now must decide whether to commit at a $1.25 trillion valuation, accepting a smaller-than-sought raise while Anthropic’s IPO gives them a competing AI exposure.
Basis
Bloomberg reported that OpenAI’s new funding round values it at $1.25 trillion and has raised another $11 billion; the company is still pursuing additional investments that could lift the total to $20 billion. OpenAI had initially hoped to raise as much as $30 billion at a $1.4 trillion valuation, before tech stocks dropped and midterms showed public opinion turning against AI companies and data center projects. Anthropic filed its S-1 last week. Sam Altman has said OpenAI is holding off on its own IPO until it can make more confident safety claims, gave no timeline, and said waiting too long would be “kind of bad for the world.” The mechanism for investors: a lower valuation and smaller raise reduce the capital cushion relative to plan, while Anthropic’s IPO offers an alternative listed AI bet.
- New-round valuation$1.25 trillion
- Raised in new round$11 billion
- Initial valuation hope$1.4 trillion
- Initial raise hope$30 billion
Unclear The source does not give the round’s terms, lead investors, or whether the $11 billion is closed or still preliminary.
Next Watch for OpenAI’s final round size and valuation—specifically whether it closes above $11 billion or reaches the $20 billion upper target.