OpenAI valued at $1.25 trillion, as rival Anthropic nears its IPO

According to Bloomberg, OpenAI has raised another $11 billion in a new funding round at a $1.25 trillion valuation, following a $122 billion raise in March at an $852 billion valuation. Bloomberg reports OpenAI is still pursuing additional investments that could bring the total to $20 billion, after initially hoping to raise as much as $30 billion at a $1.4 trillion valuation before tech stocks dropped. Rival Anthropic filed its S-1 to go public last week, while CEO Sam Altman has said OpenAI is holding off on its own IPO until it can make more confident claims about its models' safety.