OpenAI cuts fundraising goal by $10 billion to about $20 billion

The ChatGPT maker is seeking funding at a $1.25 trillion valuation, according to the Financial Times. Bloomberg, citing the FT, says a selloff in AI stocks and rival Anthropic's impending public listing are complicating OpenAI's efforts to secure commitments from investors as it scales back its fundraising ambitions.

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

Discussion

Y Hacker News 7 points, 2 comments

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Topics OpenAIAnthropic