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OpenAI has reportedly raised $11 billion so far in a new funding round that values the AI lab at $1.25 trillion. Bloombergreported onthe new funding on Friday, citing sources familiar with the matter. The $11 billion is part of a larger funding round that hasn’t closed yet, according to the outlet. The round is expected to close in the coming weeks and could total about $20 billion, a source told Bloomberg. In late September, Bloombergreportedthat OpenAI was looking to raise $30 billion in the upcoming round. The current figures fall well short of that target. TechCrunch has reached out to OpenAI for comment and will update this story if it responds. The news comes only hours after Bloombergalso reportedthat potential buyers of shares in the IPO of OpenAI’s chief competitor, Anthropic, are eyeing a substantially lower valuation than Anthropic had targeted. Bloomberg writes that some potential buyers believe Anthropic’s valuation could be as low as $1.1 trillion, compared with the$2 trillionthat investors were said to be expecting roughly a month ago. OpenAI previously intimated that it would go public this year but subsequently delayed its plans. There are expectations that the companywill IPO next yearat some point. The market for AI hangs in a particularly precarious place. The Democratic landslide in the U.S. midterms — and overwhelmingly negative voter sentiment around data centers — hascaused jitters throughout the market, with many anticipating potential regulatory challenges in the future.
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Crusoe, an eight-year-old, Denver-based data center developer recently valued at$30.9 billion,confirmedFriday it has sold an unfinished data center project in southeastern Wyoming to Google. Google, which Crusoe had tried and failed to land as a customer for the project, is taking over the development after reportedly raising concerns about its cost and construction timeline under Crusoe’s management. Crusoe initially announced the project last year with Blackstone-backed infrastructure company Tallgrass, planning to eventually scale it to 10 gigawatts of power capacity. Google did not disclose how much it paid Crusoe for the unfinished project, bu it announced plans toinvest $17 billionto develop the data center campus. The deal highlights how difficult it can be for independent data center developers to deliver massive projects on time and within budget, given the challenges of securing equipment and power. Growing opposition from local communities can further complicate development. Despite taking over the Wyoming facility, Google hasn’t walked away from working with Crusoe entirely. Crusoe is developinganother datacenter for Google near Amarillo, Texas. The deal to sell the site to Google was first reportedby Bloombergin June, but the Wyoming setback didn’t stop Crusoe from raising a$3.9 billion roundin September. Crusoe makes money by leasing data center space to customers that bring their own GPUs, by renting out its own GPUs, and by selling compute power used to run AI models, known as inference. Crusoe’s largest projects serve some of the biggest names in AI. Its campus in Abilene, Texas, is being built in phases for Oracle and OpenAI, and the company is also constructing a separate 900-megawatt campus next door for Microsoft, with its first building expected to come online in mid-2027. Meta is also a customer, and Bloomberg reported that the trading firm Jane Street signed a$13 billion, five-year cloud deal with Crusoe. Crusoe was founded by Chase Lochmiller, now its CEO, and Cully Cavness, who started it as a cryptocurrency-mining business powered by natural gas that would otherwise have been burned off. In September, alongside its $3.9 billion funding round, the company addedthree board members, including JB Straubel, the Redwood Materials founder and Tesla board member who invested in Crusoe in 2021. Crusoe later became the first customer of Straubel’s energy-storage business.
Their departures come as Claude Code expands its role in Anthropic’s AI coding business.
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Altman’s recent comment on RAM shortage has reignited the debate over memory allocation between AI data centres and consumer devices.
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The new capabilities give AI agents business context, enterprise controls and the ability to execute recurring tasks autonomously.
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Security, governance and model dependence are emerging as major concerns for businesses, even as executives report productivity gains from AI investments.
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FDE salaries in India range from Rs 32 lakh to Rs 1.55 crore annually, with compensation rising alongside experience
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Chatbots such as ChatGPT, Anthropic’s Claude, and Meta’s new Muse assistant are becoming alternatives to traditional search.
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GPT-6 Astra, used through Codex, helps Mazda engineers explore different vehicle nose shapes, simulate airflow and identify designs that could reduce aerodynamic drag.
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The research surveyed 700 enterprise employees and 75 C-suite and business executives at companies with revenues up to and exceeding $10 billion.
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Anthropic’s filing doesn’t name IT services as a rival, yet it trains their engineers, sells through their channels and builds its own deployment arm.
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As enterprises explore smaller language models for specialised tasks, developers see opportunities for tighter evaluation and control. But smaller models still carry their own risks.
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