[funding]By ByteBulletin Editor
OpenAI raises $11 billion at $1.25 trillion valuation
The latest round falls short of OpenAI's initial $30 billion target as midterm results and tech stock volatility reshape the AI funding landscape.
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The latest round falls short of OpenAI's initial $30 billion target as midterm results and tech stock volatility reshape the AI funding landscape.
The AI lab's revenue run rate jumped from $9B at the end of last year to $65B by July, with investors eyeing a $2 trillion public debut.
Investors expect the Claude maker to float at a $2 trillion valuation in October, which would be the largest IPO ever and a critical stress test for the AI boom.