OpenAI reportedly lowers its funding target to $20 billion
AIThe Financial Times reports that OpenAI has cut its funding round target to $20 billion, with a first close expected to be lower. The Wall Street Journal reports that OpenAI has secured $11 billion so far and that some large investors have responded tepidly.
AIWhy it matters.
The report traces a funding target cut from $30 billion to $20 billion, with the reasons given, helping readers gauge investor appetite ahead of a planned IPO.
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TechCrunch · AI · Anthony Ha · techcrunch.comPublished
Original title: OpenAI reportedly lowers funding target for new round