OpenAI Slashes Fundraising Target Amidst AI Selloff
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OpenAI has reduced its fundraising target to $20 billion from $30 billion, and lowered its target valuation to $1.25 trillion from $1.4 trillion, according to the Financial Times. Some investors have reportedly reduced their commitments due to the ongoing AI selloff, causing the initial close to fall short of the revised target.
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OPENAI HAS CUT ITS FUNDING TARGET BY $10 BILLION AND NOW SEEKING $20B...
OpenAI has cut its fundraising target to $20B from $30B and lowered it...
OpenAI cuts funding target by $10 billion, FT reports
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