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OpenAI's funding target has been reduced to about $20 billion
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OpenAI's funding target has been reduced to about $20 billion
7 reports4 outlets14 days agoUpdate
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Developments
2 developments
- 31 Oct, 09:53 · 4 reportsOpenAI lowers funding targetsITHome · AI：
- 23 Oct, 06:08 · 3 reportsOpenAI plans a new round of fundingTechCrunch · AI：
Coverage timeline
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31 Oct
- The DecoderOpenAI's latest funding reached only 37% of its target due to the loss of enthusiasm for AI from major investors.
OpenAI raised only about $11 billion in its latest funding round, far below its $30 billion target, and its valuation also failed to reach the $140 billion goal, reaching $125 billion. This reflects the weakening interest of major investors in AI amid a sell-off in tech stocks driven by weak quarterly performance from Google, Amazon, and Intel. OpenAI now plans to raise up to $20 billion from family offices and high-net-worth individuals and may go public earlier next year.
Showing the latest 1 of 7 reports.