OpenAI secures $11 billion in fresh funding at $1.25 trillion valuation

AI Summary

OpenAI has raised about $11 billion at a reported $1.25 trillion valuation, completing the first close of a larger funding round. The financing supports the ChatGPT maker's continued expansion in artificial intelligence.

OpenAI has secured approximately $11 billion in fresh funding at a valuation of $1.25 trillion, marking the first close of a much larger fundraising round as the ChatGPT maker continues to expand its artificial intelligence business. The post OpenAI secures $11 billion in fresh funding at $1.25 trillion valuation appeared first on Nairametrics.