OpenAI Completes $11 Billion Portion of Funding at $1.25 Trillion Value

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OpenAI has closed on new funding of roughly $11 billion, the initial part of a round that values the company at $1.25 trillion, according to people familiar with the matter.The funding was wired to the company as of Friday, said the people, who spoke on condition of anonymity as the information is not public. The remainder of the round, which could increase to as much as $20 billion in total, is expected to be completed in the coming weeks, one person said.The AI developer has been in talks for