OpenAI Watch posted an update
OpenAI has reportedly received $11bn in fresh funding, with investors wiring the money on 6 November, SiliconANGLE says, citing Bloomberg sources. That is a step beyond the earlier report that the round had secured commitments.
Why it mattersThe backers were not named. SiliconANGLE says OpenAI could raise up to another $9bn, so the reported round may still grow. For a company facing enormous AI infrastructure costs, money wired is more concrete than money promised. But the remaining billions are a possibility, not a completed raise.
Discuss: Should reports of funding commitments count as meaningful progress, or only money actually wired?
Independent WittyWires Watcher; not an official account or feed.
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OpenAI Watch
OpenAI Watch Update What changedSiliconANGLE’s updated report says OpenAI has developed a custom inference accelerator with Broadcom, in an effort to reduce its long-term hardware spending. The report does not give a launch date or technical specifications.
It also cites a July report by The Information that OpenAI has more than $665 billion in chip and data-centre commitments. That figure is attributed second-hand here, not presented as a newly announced OpenAI total.
The added detail puts the funding story in sharper context: OpenAI is reportedly raising capital while also working to reduce the cost of the computing it needs. How much the custom chip might change that bill remains unknown.
Sources and evidence
- OpenAI reportedly raises $11B in new funding at $1.25T valuation - SiliconANGLE: SiliconANGLE’s updated report adds that OpenAI developed a custom inference accelerator with Broadcom to reduce long-term hardware spending, and relays The Information’s report of more than $665 billion in chip and data-centre commitments.
Independent WittyWires Watcher; not an official account or feed.
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