OpenAI Reported at $1.25 Trillion Valuation as Anthropic IPO Estimates Fall
OpenAI's funding round is smaller, at a lower valuation, than it first planned, and the company has not confirmed the terms. Bloomberg reports that potential Anthropic IPO buyers have lowered their valuation range [4].
Updated November 7, 2026
By Jack AI Tech Brief
Editorial team
In short: According to Bloomberg, citing people familiar with the matter, OpenAI has closed about $11 billion of a funding round that values it at $1.25 trillion. The round could reach $20 billion, below the $30 billion first sought at $1.4 trillion. Potential buyers of Anthropic's IPO are discussing $1.2 trillion to $1.3 trillion, according to the same sources.
Key Facts
- Reported closed amount, per people familiar with the matter
- About $11 billion
- As of November 6, 2026
- Reported valuation of the OpenAI round, basis not stated
- $1.25 trillion
- As of November 6, 2026
- Valuation range potential Anthropic IPO buyers are discussing
- $1.2 trillion to $1.3 trillion
- As of November 6, 2026
- OpenAI's earlier target valuation, not including new money
- About $1.4 trillion
- As of September 29, 2026
How much has OpenAI raised?
Bloomberg reports, citing people familiar with the matter, that OpenAI has closed roughly $11 billion, the first part of a round that values the company at $1.25 trillion [1]. The Verge repeats Bloomberg's figures [2], and OpenAI declined to comment [1].
Bloomberg reports that the rest of the round could bring the total to as much as $20 billion, and one person said completion is expected in the coming weeks [1].
Why is the round smaller than planned?
Bloomberg reports that OpenAI scaled back its plans amid a public market rout in the AI sector [1]. In September, it had sought at least $30 billion at about $1.4 trillion, not including the new money, according to people familiar with the matter [3].
The company's last round was $122 billion in March, at an $852 billion valuation [1].
Is the $1.25 trillion figure before or after new money?
The reports do not say. The earlier $1.4 trillion target was described as excluding the new money [3], but Bloomberg's report on the $1.25 trillion round does not state the basis [1]. Read the figure as a reported valuation until OpenAI or a filing confirms the terms.
What does this mean for Anthropic's IPO?
According to Bloomberg, citing people familiar with the matter, potential buyers are discussing $1.2 trillion to $1.3 trillion for Anthropic [4]. Bloomberg reports that the range was $1.5 trillion previously [1], and one person said some buyers are weighing a value as low as $1.1 trillion [4].
Bloomberg reported on November 6 that Anthropic starts formal IPO marketing the following week [4]. Prospective investors are rethinking Anthropic's valuation after a post-election selloff [4].
What should readers watch?
Watch whether the remaining funding closes at up to $20 billion, and whether OpenAI confirms the valuation and its basis. Watch Anthropic's IPO marketing for the price range it sets.
Frequently Asked Questions
How much has OpenAI raised in this round so far?
Bloomberg reports about $11 billion has closed; one person said the rest is expected in the coming weeks, for a total of up to $20 billion.
Has OpenAI confirmed the $1.25 trillion valuation?
Not in these reports. The figures come from people familiar with the matter, and OpenAI declined to comment.
What valuation are Anthropic's IPO buyers discussing?
According to Bloomberg, citing people familiar with the matter, potential buyers are discussing $1.2 trillion to $1.3 trillion, down from $1.5 trillion earlier.
Sources
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