#OpenAI raised $11 billion at a $1.25 trillion valuation.

The money arrived on November 6, as part of a round that could reach $20 billion in coming weeks.

It is unclear whether the valuation is pre- or post-money.

OpenAI initially sought $30 billion or more at $1.4 trillion, but cut its targets amid an AI stock sell-off.

In March, it raised $122 billion at $852 billion.

Investors were not named.

$OPENAI