OpenAI raises 30 billion at lower valuation
The Decoder: OpenAI lowers valuation target, raises up to $30 billion
OpenAI is closing in on a new funding round of up to $30 billion but has lowered its valuation target to get there. The article OpenAI lowers valuation target, raises up to $30 billion appeared first on The Decoder.
Part of a story that several outlets report: OpenAI working on $30B raise at $1.25T valuation
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OpenAI is raising up to $30 billion in funding but has reduced its valuation target from $1.4 trillion to $1.25 trillion, indicating weaker investor demand than in previous rounds. The company positioned this funding as a bridge ahead of a potential IPO, with the CFO previously stating OpenAI would be publicly traded by 2027, though the CEO later said timing was unfavorable. Some investors experienced indigestion from heavy investments in earlier fundraises, and OpenAI is also negotiating a commercial deal for additional computing capacity.
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