OpenAI Cuts Funding Target by $10 Billion: Now Seeking $20 Billion at a $1.25 Trillion Valuation
AI startup OpenAI has slashed the target for its latest funding round by $10 billion and is now seeking to raise $20 billion at a $1.25 trillion valuation, the Financial Times reported on Friday, October 30, citing people with knowledge of the matter.
The company was earlier aiming to raise $30 billion at a $1.4 trillion valuation, Reuters previously reported.
The cut lowers both the size of the raise and the price tag attached to the company. The report did not give a reason for the reduction, and OpenAI did not comment in the report, according to Reuters.
Source: GSM · USA (original Chinese edition)
Photo: 图：位于 San Francisco Mission Bay 的 1515 Third Street 办公楼，拍摄时为 OpenAI 总部所在地（资料图）。照片：Coolcaesar，CC BY 4.0，经 Wikimedia Commons。 / The office building at 1515 Third Street in San Francisco's Mission Bay, home to OpenAI's headquarters at the time the photo was taken (file photo). Photo by Coolcaesar, CC BY 4.0, via Wikimedia Commons.
