CNBC wrote on November 6 that OpenAI has closed an initial $11 billion of an ongoing round, could raise up to $9 billion more, and that CFO Sarah Friar described a $1.25 billion pre-money valuation. Reuters, citing Bloomberg and people familiar with the matter, describes that $11 billion close as valuing the company at $1.25 trillion. OpenAI has not posted the terms, so neither valuation is recorded as the company's figure.
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