OpenAI has raised an additional $11 billion

OpenAI has raised an additional $11 billion as part of its current funding round. The deal values the AI developer at $1.25 trillion.

The funds raised come amid the ongoing expansion of infrastructure and the costs associated with training new models. The round has not yet fully closed, but completion is expected in the coming weeks.

The new investment will strengthen the company's financial position in the generative AI market and allow it to continue scaling the computing power needed to maintain its lead in developing flagship products.