OpenAI lowers fundraising ambitions with a $10 billion target cut

The ChatGPT maker is seeking about $20 billion at a $1.25 trillion valuation, according to the Financial Times. Bloomberg, citing the Financial Times, says a selloff in AI stocks and rival Anthropic's impending public listing are complicating OpenAI's efforts to secure commitments from investors.

Covered by 2 publishers within 4 hours of the first report.

• Financial Times: OpenAI slashes funding target by $10bn as tech anxieties mount

Reporting2

FT Financial Times OpenAI slashes funding target by $10bn as tech anxieties mount 8:05 PM

BL Bloomberg OpenAI Funding Target Cut by $10 Billion as AI Slumps, FT Says · Yoolim Lee 12:00 AM

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Topics OpenAIAnthropic