OpenAI reportedly raises an additional $11 billion at a $1.25 trillion valuation

In Brief Posted: 2:53 PM PST · November 6, 2026 Lucas Ropek OpenAI reportedly raises an additional $11 billion at a $1.25 trillion valuation OpenAI has reportedly raised $11 billion so far in a new funding round that values the AI lab at $1.25 trillion. Bloomberg reported on the new funding on Friday, citing sources familiar with the matter. The $11 billion is part of a larger funding round that hasn’t closed yet, according to the outlet. The round is expected to close in the coming weeks and could total about $20 billion, a source told Bloomberg. In late September, Bloomberg reported that OpenAI was looking to raise $30 billion in the upcoming round. The current figures fall well short of that target. TechCrunch has reached out to OpenAI for comment and will update this story if it responds. The news comes only hours after Bloomberg also reported that potential buyers of shares in the IPO of OpenAI’s chief competitor, Anthropic, are eyeing a substantially lower valuation than Anthropic had targeted. Bloomberg writes that some potential buyers believe Anthropic’s valuation could be as low as $1.1 trillion, compared with the $2 trillion that investors were said to be expecting roughly a month ago. OpenAI previously intimated that it would go public this year but subsequently delayed its plans. There are expectations that the company will IPO next year at some point. The market for AI hangs in a particularly precarious place. The Democratic landslide in the U.S. midterms — and overwhelmingly negative voter sentiment around data centers — has caused jitters throughout the market , with many anticipating potential regulatory challenges in the future. Topics AI , Anthropic , fundraising , In Brief , OpenAI November 4 Boston Buy One Pass, Get a Second Free Cover more ground at TechCrunch’s ultimate founder bootcamp of the year by bringing your co-founder or partner for free Book before the BOGO deal expires Register Now Newsletters See More Subscribe for the industry’s biggest tech news TechCrunch Daily News Every weekday and Sunday, you can get the best of TechCrunch’s coverage. TechCrunch Mobility TechCrunch Mobility is your destination for transportation news and insight. Startups Weekly Startups are the core of TechCrunch, so get our best coverage delivered weekly. StrictlyVC Provides movers and shakers with the info they need to start their day. No newsletters selected. Subscribe By submitting your email, you agree to our Terms and Privacy Notice . Related Government & Policy After the midterms, things are looking rocky for Elon Musk and data centers Anthony Ha 7 hours ago AI Crusoe sells troubled Wyoming data center project to Google Marina Temkin 1 day ago AI Ramp data shows AI spending stalling just as Anthropic nears its IPO Rebecca Bellan 2 days ago Latest in AI Government & Policy After the midterms, things are looking rocky for Elon Musk and data centers Anthony Ha 7 hours ago In Brief Megaspeed exec was recruited to spy on Nvidia CEO, according to US intelligence memo Anthony Ha 7 hours ago AI Crusoe sells troubled Wyoming data center project to Google Marina Temkin 1 day ago