Reuters reported on November 6, 2026 that OpenAI had closed on an initial $11 billion in new funding, the first part of a round valuing the company at $1.25 trillion, citing a source familiar with the matter. The amount raised so far represents only a portion of OpenAI’s original target of up to $30 billion. Two investors said the valuation had come down from the $1.5 trillion level the company initially sought, and that SoftBank and MGX participated. The financing remains an initial close…