OpenAI receives $11 billion in first tranche of funding round
AIOpenAI has received roughly $11 billion in new funding, the first tranche of a round valuing the company at $1.25 trillion, according to Bloomberg. The full round could grow to $20 billion, with the rest expected in the coming weeks.
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The article ties the $11 billion first tranche to a scaled-back round, showing how the AI funding market is tightening around OpenAI and Anthropic.
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The Decoder · Matthias Bastian · the-decoder.comPublished
Original title: OpenAI lands an $11 billion funding round, but has to court dentists for more capitalround but now has to court dentists for more capital