OpenAI raises $11 billion at $1.25 trillion valuation: Report

OpenAI has secured $11 billion in fresh funding, valuing the company at $1.25 trillion, Reuters reported citing source familiar with the matter. SoftBank and Abu Dhabi-based MGX participated in the funding round. The amount raised is part of an initial target of up to $30 billion, while OpenAI's valuation has fallen from its earlier target of $1.5 trillion.