Startups and VCUpdated November 11

OpenAI reportedly raised $11 billion.

Forbes Middle East says the raise happened Friday, at a $1.25 trillion valuation. The Information also says OpenAI’s most recent fundraising valued the company at that same figure. The $11 billion is the reported amount raised; $1.25 trillion is the company’s valuation. One is the money raised, the other is the value attached to the company—and both numbers are hard to miss.

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Coverage started November 11