OpenAI slashed its latest funding target by $10 billion, the Financial Times reported on Friday. The company now seeks to raise $20 billion at a $1.25 trillion valuation. Last month, it said it aimed to raise $30 billion at a $1.4 trillion valuation. Many investors got news of this change.
Synopsis
AI startup OpenAI has slashed the target for its latest funding round by $10 billion and is now seeking to raise $20 billion at a $1.25 trillion valuation, the Financial Times
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AI startup OpenAI has slashed the target for its latest funding round by $10 billion and is now seeking to raise $20 billion at a $1.25 trillion valuation, the Financial Times reported on Friday, citing people with knowledge of the matter.
The company had said it was aiming to raise $30 billion at a $1.4 trillion valuation last month.
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