OpenAI cuts its funding round target to $20bn, FT reports
According to the Financial Times, OpenAI cut its target by $10 billion as some investors lowered their commitments following a sell-off in AI stocks. The funding round values the company at $1.25 trillion.
Key points
- Funding target reduced to $20 billion
- Valuation estimated at $1.25 trillion
- Cut attributed to AI stock sell-offs
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