OpenAI lowers valuation target as it raises up to $30 billion
AIOpenAI is closing a funding round of up to $30 billion after lowering its valuation target from $1.4 trillion to $1.25 trillion, according to the Financial Times and CNBC. The FT reports weaker demand than in previous rounds, with UAE investors and Coatue leading the round, which is positioned as a bridge before a potential IPO.
AIWhy it matters.
The report shows the lower valuation target, weaker investor demand, and the funding's role as a bridge before a possible IPO, which together clarify OpenAI's financing position.
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The Decoder · Maximilian Schreiner · the-decoder.comPublished · added here
Original title: OpenAI lowers valuation target, raises up to $30 billion