OpenAI's $20 billion raise
2026-11-06: Bloomberg (relayed by The Verge) reports OpenAI closed the first $11 billion of a $20 billion raise at a $1.25 trillion valuation — a step up from $122 billion raised in March at $852 billion and enough to rank it among the world's most valuable companies. The round had initially aimed for $30 billion at $1.4 trillion before tech stocks dropped and midterm results showed public opinion turning against AI companies and data-center projects; the rest closes in the coming weeks. It lands as rival Anthropic, S-1 filed last week, heads toward its IPO, while Altman keeps OpenAI's own public listing on hold until it can make stronger model-safety claims. The Verge. Watch: the remaining roughly $9 billion closing, any OpenAI IPO movement as Anthropic lists, and the valuation's next print after the tech-stock drop.