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OPENAI SECURES $11B IN FUNDING AT A $1.25T VALUATION
OpenAI has reportedly closed an initial $11B tranche of its latest funding round at a valuation of around $1.25T.
SoftBank and MGX participated, while reports point to continued interest from major institutional investors.
At the same time, Microsoft, Meta and Oracle are raising substantial capital to support AI infrastructure.
The AI race is becoming increasingly capital-intensive.
#OpenAI11BFunding
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