OpenAI raises $11bn at $1.25tn as Anthropic faces IPO pricing doubts
OpenAI received the first $11bn of a round that could reach $20bn, according to Bloomberg, while investors told the Wall Street Journal that Anthropic’s listing may need a price well below $1.5tn.
Source published · In the Daily Brief of 9 November 2026
Filed under AI industry
OpenAI received $11bn of new funding by Friday 6 November at a valuation of $1.25tn, Bloomberg reported, citing people familiar with the matter. The round could reach as much as $20bn in the coming weeks. OpenAI had put a valuation of $1.4tn to investors in October and had targeted up to $30bn before cutting both after resistance, according to earlier reports in the Financial Times and Bloomberg.
Anthropic is aiming to list in the week of 16 November. Three investors planning to take part told the Wall Street Journal that the valuation would probably have to fall below the $1.5tn it had been targeting, one saying it could end up closer to $1tn. Another raised the possibility of a postponement.
The two prices arrive days after companies in the Nasdaq composite lost $2.5tn of market value on 5 November.