Key facts
- OpenAI raised $15 billion at a $1.25 trillion valuation, per CNBC.
- The round follows an earlier attempt to raise up to $30 billion at a similar valuation, per CNBC.
- Anthropic's offering could raise as much as $90 billion, per CoinGape.
- Polymarket traders priced a 46% chance of an OpenAI IPO by June 30, 2027.
- OpenAI said it will keep investing in data centers as it rolls out newer models.
OpenAI raised $15 billion in fresh capital at a valuation of $1.25 trillion, CNBC reported on November 12, 2026. The round follows an earlier attempt by the company to raise up to $30 billion at a similar valuation.
The fundraising comes as rival Anthropic prepares to go public at a valuation of more than $1.3 trillion. CoinGape reported the Anthropic offering could raise as much as $90 billion and is oversubscribed multiple times.
OpenAI reaffirmed it will continue to invest in data centers as it rolls out newer models and prepares for a potential public listing. Polymarket data showed a 46% chance the company will hold an IPO by June 30, 2027, and traders there expect a listing valuation above $1 trillion.
The report also cited investor interest in AI exposure alongside concerns about the risks frontier models pose and the debt AI firms are taking on to build compute infrastructure. It said midterm election results, with Democrats winning Congress, raised questions about the AI trade, particularly data centers.