OpenAI reportedly raises $11 billion at a $1.25 trillion valuation

OpenAI has reportedly raised about $11 billion toward a possible $20 billion round at a reported $1.25 trillion valuation. The round is unfinished and below an earlier target of up to $30 billion; limited detail is available on terms, investors, or the reasons for the changed target and valuation. The figures remain reported rather than independently confirmed.