On November 6, 2026, Bloomberg reported that OpenAI has raised about $11 billion so far in a new funding round that values the ChatGPT maker at $1.25 trillion. TechCrunch and Reuters carried the same report that day, citing sources. OpenAI had not commented when TechCrunch published.
What was reported
The $11 billion is the first part of a larger round that has not closed. Bloomberg's source said it is expected to close in the coming weeks and could total about $20 billion (TechCrunch, November 6, 2026). Reuters described the $11 billion as a portion of OpenAI's original target of up to $30 billion (Reuters, November 6, 2026).
The valuation gap
Yahoo Finance noted the $1.25 trillion figure sits below the $1.4 trillion OpenAI first sought (Yahoo Finance, November 6, 2026).
The IPO backdrop
The same day, Bloomberg reported that potential buyers of Anthropic's IPO were eyeing a lower valuation than Anthropic had targeted, as low as $1.1 trillion versus $2 trillion expected about a month earlier (TechCrunch, citing Bloomberg). OpenAI had earlier signaled a 2026 IPO and then delayed it.
What to watch
- Whether the round closes near $20 billion or reaches the $30 billion target.
- Whether the final valuation holds at $1.25 trillion or moves toward $1.4 trillion.
- How Anthropic's IPO pricing affects investor appetite for OpenAI.
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