OpenAI raises $11 billion of its $30 billion funding target
Original titleOpenAI raises just $11 billion of its $30 billion target as big investors lose their AI appetite
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Summary
OpenAI raised approximately $11 billion in its latest round, falling short of its $30 billion target. The valuation of $1.25 trillion falls below expectations as major investors pull back amid the tech sell-off.
Also reported by 4 outlets
Original excerpt
OpenAI raised only about $11 billion in its latest funding round, less than half of the $30 billion it was targeting. At $1.25 trillion, the valuation falls short of expectations, and major investors appear to be pulling back amid the recent tech sell-off. Meanwhile, rival Anthropic is pushing to go public as early as November. The article OpenAI raises just $11 billion of its $30 billion target as big investors lose their AI appetite appeared first on The Decoder.