A 24/7 Wall St. article reports OpenAI raised about $11 billion at a $1.25 trillion pre-money valuation, a figure CFO Sarah Friar confirmed, below the $1.4 trillion first sought after AI stocks sold off, with SoftBank and Abu Dhabi's MGX taking part. Friar called the price almost 50% above March's $852 billion and cited 70% quarterly growth and 1.2 billion weekly ChatGPT users, while the outlet argues a round that fills in stages shows the strain NVIDIA says frontier labs face; Anthropic plans a Nasdaq listing in mid-November.