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OpenAI Funding Target Cut by $10 Billion as AI Slumps, FT Says
Key Points
OpenAI Funding Target Cut by $10 Billion as AI Slumps, Report Says Takeaways by Bloomberg AI OpenAI has cut its fundraising target by $10 billion as an AI stock selloff and rival Anthropic PBC’s impending public listing complicate its efforts to secure investor commitments, the Financial Times reported. The ChatGPT maker is now seeking about $20 billion at a $1.25 trillion valuation, down from $30 billion at a $1.4 trillion valuation last month, the FT said, citing people with knowledge of...
OpenAI Funding Target Cut by $10 Billion as AI Slumps, Report Says
Takeaways by Bloomberg AI
OpenAI has cut its fundraising target by $10 billion as an AI stock selloff and rival Anthropic PBC’s impending public listing complicate its efforts to secure investor commitments, the Financial Times reported.
The ChatGPT maker is now seeking about $20 billion at a $1.25 trillion valuation, down from $30 billion at a $1.4 trillion valuation last month, the FT said, citing people with knowledge of the matter.