OpenAI has reportedly secured approximately $11 billion toward a new private funding round that values the artificial intelligence developer at $1.25 trillion.
Bloomberg reported that the investment forms part of a larger financing effort that has not yet closed. The round could eventually reach approximately $20 billion, substantially below the $30 billion target discussed earlier.
The negotiations come amid intensifying competition between frontier AI developers and growing concerns about the financial sustainability of their expanding computing infrastructure.
OpenAI previously secured a $122 billion funding round in March, establishing one of the largest private financing commitments in technology history.
The latest investment reflects wider debate over whether enormous AI infrastructure spending will generate sufficient economic returns.
It also follows arguments that artificial general intelligence could require trillions of dollars in annual computing investments.
OpenAI's fundraising discussions remain ongoing, and the final amount may change. The company has not publicly confirmed the reported figures or announced a completed transaction.