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OpenAI Cuts Funding Target by $10 Billion as Investor Interest in AI Declines

OpenAI Cuts Funding Target by $10 Billion as Investor Interest in AI Declines

OpenAI cuts funding target by $10 billion, says report
OpenAI cuts funding target by $10 billion, says report

OpenAI has reduced its funding target by 10 billion dollars, now seeking to raise 20 billion dollars at a 1.25 trillion dollar valuation, according to a Financial Times report.

OpenAI Cuts Funding Target As Investors Lose AI Appetite
OpenAI Cuts Funding Target As Investors Lose AI Appetite

OpenAI is now seeking to raise $20 billion at a $1.25 trillion valuation. Meta, Microsoft just raised funds while the Anthropic IPO looms

OpenAI slashes funding target by $10 billion amid tech rout, FT reports
OpenAI slashes funding target by $10 billion amid tech rout, FT reports

OpenAI has slashed the target for its latest funding round by $10 billion amid a selloff in tech stocks ​driven by AI worries, the Financial Times reported on Friday, ‌citing people with knowledge...

OpenAI Funding Target Cut by $10 Billion as AI Slumps, FT Says
OpenAI Funding Target Cut by $10 Billion as AI Slumps, FT Says

OpenAI has cut its fundraising target by $10 billion as an AI stock selloff and rival Anthropic PBC’s impending public listing complicate its efforts to secure investor commitments, the Financial...

OpenAI reportedly lowers funding target for new round
OpenAI reportedly lowers funding target for new round

OpenAI’s latest funding round doesn't seem to be living up to expectations.

OpenAI Lowers Fundraising Target–After Decreasing Possible Valuation
OpenAI Lowers Fundraising Target–After Decreasing Possible Valuation

OpenAI has lowered the amount of capital it is seeking from investors in its latest fundraising round by $10 billion, according to a Friday report by The Financial Times. The company was ...

OpenAI Raises Less Than Half of $30 Billion Target in Latest Round
OpenAI Raises Less Than Half of $30 Billion Target in Latest Round

The ChatGPT maker’s latest funding round values it at $1.25 trillion, less than its $1.4 trillion target.

OpenAI raises just $11 billion of its $30 billion target as big investors lose their AI appetite
OpenAI raises just $11 billion of its $30 billion target as big investors lose their AI appetite

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...

OpenAI cuts its funding round to $20bn after raising $11bn, WSJ reports
OpenAI cuts its funding round to $20bn after raising $11bn, WSJ reports

Update, 31 OctoberThis story has been updated with The Wall Street Journal’s report that OpenAI has secured about $11bn so far, and with CNBC’s confirmation of the $20bn target.OpenAI has secured...

OpenAI pares fundraising goal, now seeking up to $20 billion in latest round
OpenAI pares fundraising goal, now seeking up to $20 billion in latest round

The funding round is still in progress and has not closed, so the figures are subject to change, a person directly familiar with the deal told CNBC.

OpenAI cuts fundraising target to $20b as valuation falls
OpenAI cuts fundraising target to $20b as valuation falls

The deal would let OpenAI lease newly developed computing capacity in the United Arab Emirates.

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