OpenAI is closing in on a new funding round of up to $30 billion but has lowered its valuation target to get there.
The article OpenAI lowers valuation target, raises up to $30 billion appeared first on The Decoder.
The Decoder
OpenAI Lowers Valuation Target to Close Funding Round of Up to $30 Billion
OpenAI is nearing the close of a new funding round of up to $30 billion, according to The Decoder. To secure the round, the company lowered its valuation target. The report gives no further details on the specific valuation figures, investor identities or terms.
It signals a significant shift in AI-industry financing and OpenAI's valuation expectations, which matters to anyone tracking the commercial AI landscape.
Comments & Questions (0)
No comments yet
Be the first to comment!