OpenAI closes eleven billion

The Signal · 2026-11-07

The AI selloff didn't slow the money. OpenAI has closed an eleven billion dollar portion of a new round valuing it at one-point-two-five trillion dollars, Bloomberg reports. Coatue and T. Rowe Price joined the first close. The full round could reach twenty billion.

Also today: Congress has summoned Nvidia CEO Jensen Huang after reports US intelligence believes Chinese espionage efforts targeted him.

Voters weighed 41 data-center ballot measures Tuesday. Local and state politics now shape where AI compute can physically get built.

That's today's Signal. Thanks for watching.