OpenAI valued at $1.25 trillion, as rival Anthropic nears its IPO

OpenAI has raised $11 billion in a new funding round, valuing the company at $1.25 trillion, with the possibility of additional investments up to $20 billion. This comes after a $122 billion investment in March at a valuation of $852 billion. OpenAI's rival Anthropic has filed for an IPO. OpenAI is prioritizing safety over going public, with CEO Sam Altman saying the company is 'holding off' on its own IPO until it can make more confident claims about its models' safety. Tech stocks have dropped and public opinion has turned against AI companies and data center projects, affecting OpenAI's initial plan to raise $30 billion at a higher valuation of $1.4 trillion.