OpenAI cuts funding target by $10 billion: FT
According to the Financial Times, OpenAI is seeking a $20 billion funding round. This target is $10 billion lower than previously planned, with the company seeking a valuation of $1.25 trillion.
Key points
- Funding target reduced by $10 billion
- Current goal is to raise $20 billion
- Target valuation is $1.25 trillion
Summary and key points written by AI from the headline and a short excerpt, so they can be incomplete or wrong. Economic Times Tech did the reporting; read the original for the full story.
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