Newshot OpenAI's Latest Private Funding Round Raises $15 Billion at a Pre-Money Valuation of $1.25 Trillion
IT之家 November 13 news: According to a CNBC report today, OpenAI raised $15 billion in its latest private funding round (IT之家 note: roughly 100.276 billion yuan at current exchange rates), with a pre-money valuation of $1.25 trillion (roughly 8.36 trillion yuan at current exchange rates).
That amount is higher than the roughly $11 billion previously reported by media, and the round is also seen as an important move by OpenAI to line up funding in advance for a potential initial public offering (IPO) in 2027.
People familiar with the matter told CNBC that the round has not yet formally closed and is expected to be completed within the coming weeks. Those people described it as an opportunistic raise aimed at helping OpenAI prepare for an IPO expected in 2027.
Meanwhile, its main rival Anthropic is preparing a Nasdaq listing, with trading scheduled to begin on November 19. According to an earlier Reuters report, Anthropic is targeting a valuation of up to about $1.4 trillion (roughly 9.36 trillion yuan at current exchange rates) in the IPO.
As the size of the raise grows, OpenAI's revenue growth and huge operating losses have also become a focus for investors.
According to figures disclosed by The Wall Street Journal, OpenAI's revenue in the third quarter of 2026 was about $10 billion, up nearly 50% from the second quarter. However, the company's operating loss for the same period reached $10.9 billion, higher than the $10.1 billion in the second quarter. Its adjusted operating margin improved from about -150% in the second quarter to -109%.
These figures reflect that while OpenAI expands the scale of its business, it still has to bear the high costs of model training, inference services, and infrastructure such as data centers. Despite continued revenue growth, the company remains a long way from sustained profitability.
By comparison, Anthropic's financial performance is also drawing market attention. However, different AI companies do not all handle financial adjustments for items such as stock-based compensation and charitable donations in the same way, so directly comparing the two companies' adjusted margins requires caution.
With Anthropic about to enter the public markets and OpenAI pointing to 2027 for a potential IPO, investors may be able to compare the two companies' revenue growth, operating costs, and profitability more directly through the financial disclosures of listed companies.
- "Report: OpenAI completes first $11 billion tranche of new funding at a $1.25 trillion valuation"
Related articles
- Warning about AI risks while developing advanced models: OpenAI, Anthropic, Google and two other AI giants sued, asked to halt ChatGPT, Claude and Gemini
- Anthropic and OpenAI face patent lawsuits alleging infringement of five neural network technology patents
- Anthropic IPO priced at $70-78 per share, targeting a $1.4 trillion fully diluted valuation
- Report: Anthropic plans to raise up to $64.4 billion through its IPO, with the listing roadshow set to begin soon
- Chasing the "largest IPO in history": Anthropic said to list next Thursday / Friday, as valuation expectations meet a cooling market
- The "largest IPO in history" faces challenges: Anthropic's listing valuation is in dispute, and $1.5 trillion is still seen as too expensive