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OpenAI valued at $1.25 trillion, as rival Anthropic nears its IPO
The Verge • • business
Key Points:
- OpenAI has reached a valuation of $1.25 trillion after raising $11 billion in a new funding round, making it one of the world's most valuable companies.
- The company previously raised $12.2 billion in March at an $852 billion valuation and is still seeking additional investments that could raise the total to $20 billion.
- OpenAI initially aimed to raise $30 billion at a $1.4 trillion valuation but scaled back due to recent tech stock declines and shifting public opinion following the midterm elections.
- Rival AI company Anthropic recently filed for an IPO, while OpenAI CEO Sam Altman has delayed OpenAI’s public offering until the company can demonstrate greater model safety, without providing a specific timeline.
- Altman has expressed concern that waiting too long to go public could be detrimental to the world, highlighting the balance OpenAI seeks between transparency and responsibility.
