OpenAI reportedly trims funding target to ~$20B; signs deal with ADNOC and G42

OpenAI's ADNOC-G42 deal covers AI deployment across ADNOC operations; its target valuation reportedly fell to $1.25T.

2 Sources, 1h ago, first seen 1h ago

TLDR

OpenAI's funding round remains open. It reportedly cut its target from $30 billion to $20 billion and its proposed valuation from $1.4 trillion to $1.25 trillion. A first close is expected below $20 billion. OpenAI also signed a deal with ADNOC and G42 to deploy AI across ADNOC operations, as well as deals with Mubadala and Inception42.

Today's Rank

—

Not ranked yet

Combined views

—

2 Sources, first seen 1h ago