Reported OpenAI Funding Round at $1.25 Trillion Valuation

Reports describe an $11 billion portion of OpenAI funding at a $1.25 trillion valuation; a separate report said the round might close around $20 billion, below an earlier reported $30 billion target. A new headline says the $11 billion portion closed, but its excerpt provides no corroborating details. The total, investors, terms, and IPO implications remain unconfirmed.