OpenAI raises $11 billion in new funding round, lifting valuation to $1.25 trillion

OpenAI has raised $11 billion as part of a new funding round that values the company at $1.25 trillion, Bloomberg News reported on 6 November 2026, citing people familiar with the matter. TechCrunch carried the Bloomberg figures the same day, and Reuters carried the same figures too, also citing Bloomberg as the source.

What the figures show

• The $11 billion raised so far is part of a larger round that "hasn't closed yet," according to Bloomberg's reporting cited by TechCrunch.
• The round is expected to close within weeks and could total about $20 billion once finished, a source told Bloomberg.
• OpenAI had originally been seeking $30 billion in this round, according to an earlier Bloomberg report from late September; the current figures "fall well short of that target," TechCrunch said.
• The news broke hours after a separate Bloomberg report that potential buyers of shares in rival Anthropic's planned initial public offering are eyeing a valuation as low as $1.1 trillion, down from the roughly $2 trillion investors were said to be expecting a month earlier.
• TechCrunch said it had asked OpenAI for comment and would update its story if the company responded.

Why it matters

The round shows investors are still willing to commit tens of billions of dollars to OpenAI even as the broader AI market shows signs of strain: TechCrunch linked the jitters to the Democratic Party's gains in the US midterm elections and what it described as largely negative voter sentiment toward data centres, both of which have raised expectations of future regulatory friction. For Azerbaijan and other states in the South Caucasus and Central Asia now courting data-centre and AI infrastructure investment, the gap between the capital still flowing to the largest US labs and the far smaller sums available locally is a reminder of how concentrated frontier-AI financing remains, and how sensitive it is to shifts in Washington's political mood.