OpenAI Raises $11B at $1.25T Valuation

OpenAI has reportedly raised $11 billion in new funding, with sources telling Bloomberg that investors wired the money on November 6, 2026. The round could grow by an additional $9 billion and values the company at $1.25 trillion. OpenAI closed the third quarter with $50 billion in net annualized revenue, up 77% year-over-year, driven by its enterprise business. The company plans to go public in 2027 and has over $665 billion in chip and data center commitments. Its latest product, GPT-6 Cyber, is designed for cybersecurity tasks.