Briefs for Sunday, 8 November 2026

20:07

OpenAI has received roughly $11 billion of a round valuing it at $1.25 trillion

Bloomberg reports the money was wired on Friday. The $11 billion is the first tranche, and The Decoder says the full round could grow to $20 billion. OpenAI had originally sought $30 billion at a $1.4 trillion valuation but scaled back after an AI-sector selloff.

NoteThe round is smaller than the $30 billion OpenAI originally sought, after an AI-sector selloff.

Source: The DecoderShare

20:06

Top story: Deals

Anthropic aims to go public before Thanksgiving at a lower valuation

Anthropic is pressing ahead with its IPO despite a tech selloff. According to investors cited by the Financial Times, it wants to go public before Thanksgiving and raise $80–100 billion at a $1.25–1.75 trillion valuation. The Decoder says that falls short of the $2 trillion the most optimistic investors had hoped for.

NotePressing ahead at a lower valuation is a useful read on how public investors price a frontier lab.

Source: The DecoderShare