
OpenAI raises less than half of its $30 billion target in latest round
OpenAI has raised less than half of the $30 billion it initially targeted for its latest funding round, as market nervousness over the AI business dampens investor appetite for one of the industry’s biggest names.
After receiving lukewarm interest from some large investors, OpenAI has so far secured about $11 billion in commitments for the new funding, according to sources familiar with the matter. The deal values the company at $1.25 trillion, less than the $1.4 trillion valuation it had previously hoped to achieve.
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