
OpenAI has reportedly raised an additional $11 billion in a new funding round that values the company at $1.25 trillion, according to Bloomberg. The total round is expected to reach approximately $20 billion and is anticipated to close in the coming weeks, though this figure is significantly lower than the $30 billion target previously reported. This development occurs amid broader market caution, with competitor Anthropic facing a potential IPO valuation closer to $1.1 trillion rather than its earlier $2 billion expectation. OpenAI had previously indicated plans for an initial public offering this year but has since delayed those timelines.
Read originalTopicOpenAI Initial Public Offering
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OpenAI raises $11B at $1.25T valuation
2 developments
© TechCrunch AIGoogle is acquiring an unfinished data center from Crusoe in Wyoming, signaling a strategic pivot to direct infrastructure control amid scaling pressures. The $17 billion investment highlights the immense capital required for AI compute, as independent developers struggle with cost and timeline overruns. This move illustrates the growing vertical integration of tech giants into physical infrastructure, reducing reliance on third-party providers like Crusoe for massive deployments. By taking ownership, Google bypasses the bottlenecks that often plague external development teams. The deal reflects a broader industry trend where hyperscalers reclaim control over their most critical assets. Independent builders now face stiffer competition from companies with deeper pockets and direct operational oversight.
© TechCrunch AICensys uncovered over 800 publicly accessible instances of Artex, an autonomous penetration testing tool linked to major breaches in Korean finance and ConnectWise. These exposed deployments reveal a critical security gap: powerful AI agents running without authentication turn offensive capabilities into open targets for misuse. The developers recently shifted to closed-source distribution, yet the code remains widely available on public repositories, leaving the threat landscape largely unchanged. This situation demonstrates how easily sophisticated AI-driven attacks can be launched by anyone with basic configuration skills. The widespread exposure underscores significant risks associated with misconfigured AI security tools.
© TechCrunch AIRamp’s latest data reveals a stark decoupling of AI usage and revenue: token volumes are rising while spend flatlines, signaling that aggressive price cuts by OpenAI and Anthropic are capping growth just as these companies approach their IPOs. This dynamic has already forced valuation adjustments, with Anthropic’s projected worth sinking from $2 trillion to roughly $1.3 trillion and OpenAI lowering its target to $1.25 trillion. The era of hypergrowth appears to be ending not because demand is weak, but because customers are becoming savvier at routing workloads to cheaper models while providers slash prices to lock in enterprise contracts. This shift fundamentally alters the investment thesis for AI infrastructure, proving that higher usage no longer guarantees proportional revenue expansion.
© The AI Daily BriefMenlo's latest report reveals enterprise AI spending has increased nearly five times in one year, primarily driven by the adoption of AI agents.
© The AI Daily BriefNLW analysis shows Anthropic's market share is rising alongside increased demand for frontier models, even as doubts about its upcoming IPO grow.
© The AI Daily BriefThe AI sector is experiencing its most significant stock price decline since 2020, marking a notable correction in the tech market.