Bloomberg reported on Friday, citing people familiar with the matter, that the $11 billion is part of a larger round. One source said the full round could total about $20 billion. In late September Bloomberg reported that OpenAI was looking to raise $30 billion in this round. OpenAI did not respond to TechCrunch's request for comment.
The report came hours after another Bloomberg report that potential buyers of shares in Anthropic's IPO are eyeing a much lower valuation than targeted: some put it as low as $1.1 trillion, compared with the $2 trillion discussed about a month ago. OpenAI had previously suggested it would go public this year but delayed those plans, and it is expected to IPO at some point next year.
According to TechCrunch, the Democratic landslide in the US midterms and negative voter sentiment toward data centers have stirred market concern about regulatory challenges for the AI industry.