OpenAI cuts funding target by $10 billion: FT
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓OpenAI slashed its latest funding target by $10 billion, the Financial Times reported on Friday.
- ✓The company now seeks to raise $20 billion at a $1.25 trillion valuation.
- ✓Last month, it said it aimed to raise $30 billion at a $1.4 trillion valuation.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
Synopsis
AI startup OpenAI has slashed the target for its latest funding round by $10 billion and is now seeking to raise $20 billion at a $1.25 trillion valuation, the Financial Times
Listen to this article in summarized format
AI startup OpenAI has slashed the target for its latest funding round by $10 billion and is now seeking to raise $20 billion at a $1.25 trillion valuation, the Financial Times reported on Friday, citing people with knowledge of the matter.
The company had said it was aiming to raise $30 billion at a $1.4 trillion valuation last month.
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The Economic Times
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