OpenAI reportedly raises $11 billion in unfinished funding round

The reported total is below the $30 billion OpenAI was seeking, according to a Bloomberg report in late September. TechCrunch said it contacted OpenAI for comment and would update its story if the company responded.

The funding report came hours after Bloomberg reported that some potential buyers of shares in a possible Anthropic IPO were considering a valuation as low as $1.1 trillion. That is below the $2 trillion investors were reportedly expecting about a month earlier.

OpenAI had previously indicated it would go public this year, then delayed those plans. The company is now expected to hold an IPO at some point next year.

The reports arrive amid uncertainty in the AI market. The source article links investor jitters to a Democratic landslide in the U.S. midterms and strongly negative voter sentiment toward data centers, which it says have raised expectations of possible regulatory challenges.