OpenAI secures $11 billion funding at $1.25 trillion valuation, Bloomberg News reports

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• OpenAI secures $11 billion funding at $1.25 trillion valuation, Bloomberg News reports

  The artificial intelligence company has completed the initial portion of a massive investment round reported on Friday. This injection of fresh capital marks a major financial milestone as the firm continues advancing its broader financing efforts.

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• Sources: OpenAI has closed on new funding of roughly $11B at a $1.25T valuation; the round could increase to as much as $20B in total (Bloomberg)

  The artificial intelligence company has secured a massive injection of capital according to market sources, cementing its position among the world's most valuable private technology enterprises. This financing round may still expand significantly beyond the initial tranche to reach an even higher total. The transaction represents a substantial milestone in the firm's capital accumulation and market pricing.

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• Galapagos cuts 9% of staff as AI push drives efficiency, Bloomberg reports

  Galapagos cuts 9% of staff as AI push drives efficiency, Bloomberg reports. Galapagos cuts 9% of staff as AI push drives efficiency, Bloomberg reports

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