OpenAI Secures $15B Funding at $1.25T Valuation Amid Anthropic IPO Buzz

AI firm OpenAI has raised $15 billion in fresh capital at a valuation of $1.25 trillion as investors continue to seek exposure to the AI boom. This comes as the company’s rival, Anthropic, prepares to go public as soon as next week, with its offering said to be multiple times oversubscribed.