OpenAI has completed a new financing of 11 billion US dollars, with a valuation of 1.25 trillion US dollars. SoftBank, HSG and other investors participated in this round of financing.

According to people familiar with the matter, OpenAI has completed new financing of approximately 11 billion US dollars, which is the first tranche of this round of financing with a valuation of 1.25 trillion US dollars. The funds were transferred to the company's account on Friday. The remaining part of this round, whose total amount may increase to a maximum of 200 billion US dollars, is expected to be completed in the coming weeks. After postponing its initial public offering (IPO) plan, this AI developer has been negotiating for a large-scale financing for more than a month. OpenAI initially planned to raise 300 billion US dollars or more at a valuation of 1.4 trillion US dollars, and later scaled down the plan against the backdrop of the plunge in the public market of the AI sector. Investors participating in the first closing include Coatue Management and T. Rowe Price. Other investors in this round include SoftBank Group, HSG, Founders Fund and Andreessen Horowitz. An investor consortium from the United Arab Emirates has also joined. OpenAI is cooperating with investment banks to raise funds from high-net-worth individuals and retail investors. (Wall Street CN)