OpenAI reportedly lowers funding target for new round
A scaled-back fundraising round for the industry's most valuable startup signals growing investor caution toward massive AI capital expenditures and sky-high valuations.
Covered by 2 sources · first reported by Hacker News
What happened
OpenAI has reportedly reduced its latest funding target from $30 billion to $20 billion following a tepid response from large investors amid market skepticism over AI infrastructure spending. The company has secured $11 billion so far in the round led by United Arab Emirates investors and plans a retail offering for wealthy individuals ahead of an expected IPO.
Who it’s about
- OpenAI
- Anthropic
Coverage, oldest first
Hacker News
OpenAI raises less than half of $30B target
More on funding
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