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

OpenAI has reportedly raised $11 billion in a new funding round that values the company at $1.25 trillion, with a larger round expected to close in the coming weeks and potentially total $20 billion. This is a significant decrease from the initial target of $30 billion. The news comes as potential buyers of shares in Anthropic's IPO are eyeing a lower valuation than expected, with some believing it could be as low as $1.1 trillion. The AI market is experiencing jitters due to the US midterm elections and negative sentiment towards data centers, leading to concerns about future regulatory challenges.