ChatGPT maker is now seeking about $20bn at a $1.25tn valuation as it tempers its ambitions
AIHUB
OpenAI cuts funding target by $10 billion to about $20 billion
OpenAI is now seeking about $20 billion at a $1.25 trillion valuation, according to the Financial Times. The reported $10 billion reduction in its funding target signals a pullback in fundraising ambitions amid mounting technology-sector anxieties.
The reported reduction offers a concrete signal of changing financing ambitions at a major AI company, although the supplied excerpt provides limited context.
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