OpenAI reportedly cuts funding target by $10 billion to about $20 billion

OpenAI's valuation target was reportedly lowered from $1.4 trillion to $1.25 trillion amid investor concerns over AI spending.

6 Sources, 2h ago, first seen 2h ago

TLDR

OpenAI is reportedly seeking about $20 billion, down from a roughly $30 billion target, and has lowered its valuation target from $1.4 trillion to $1.25 trillion. The reported changes come amid investor concerns over AI spending and a tech-stock sell-off.

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6 Sources, first seen 2h ago