OpenAI valued at $1.25 trillion, as rival Anthropic nears its IPO
Summary
OpenAI has secured eleven billion dollars in a new funding round, pushing its valuation to one point two five trillion dollars. This rapid financial growth comes shortly after the artificial intelligence developer completed a massive fundraising effort earlier in the spring. Meanwhile, competitor Anthropic is currently approaching its initial public offering.
OpenAI is now valued at $1.25 trillion in a new round of funding that has raised another $11 billion, according to Bloomberg. That would make it one of the world's most valuable companies, not long after raising $122 billion from investors in March at a valuation of $852 billion. Echoing FT and Wall Street Journal reports from last week, Bloomberg…
Source: Read the full story at The Verge