OpenAI cuts its valuation target to $1.25tn as it nears a $30bn round
OpenAI is near completion of a major funding round but lowered its valuation expectations after receiving investor resistance to the initially pitched $1.4 trillion valuation. The new target of $1.25 trillion still values the company among the world's highest, with the company positioned to raise up to $30 billion at that valuation level.
Key points
- Valuation reduced from $1.4tn to $1.25tn due to investor pressure
- Targeting up to $30bn in funding at the lower valuation
- Among the largest venture funding rounds ever attempted
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