OpenAI reportedly secures about $11B for its latest round, under half its $30B target, at a $1.25T valuation
OpenAI has secured about $11 billion in commitments for its latest round, under half its initial $30 billion target, and expects to raise more in coming weeks, the WSJ reported, citing people familiar with the matter. The FT reported OpenAI cut its target to about $20 billion and its valuation goal from $1.4 trillion to $1.25 trillion as some investors trimmed commitments amid an AI selloff.
Why it matters
OpenAI reportedly has commitments for under half its $30B target, with its valuation goal cut to $1.25T from $1.4T. Amid an AI selloff, it suggests investors are more cautious on the top-valued AI firm. OpenAI hasn't announced it.
Sources3
Financial TimesMediaOpenAI cuts fundraising target by $10bn as investors pull backView original ·
The Wall Street JournalMediaOpenAI Raises Less Than Half of $30 Billion Target in Latest RoundView original ·
The InformationMediaOpenAI Lowers Fundraising Target After Decreasing Possible ValuationView original ·
Written by dalao.ai: the title, summary and why it matters are our own words. The original reports are the record; their publishers keep authorship.