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OpenAI cuts latest funding target by $10bn, now seeks about $20bn at $1.25tn valuation
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OpenAI has reduced the target for its latest funding round by $10 billion and is now seeking to raise approximately $20 billion at a valuation of $1.25 trillion, according to the Financial Times. The report does not specify the reasons for the reduced target or the terms of the round. The funding effort would value the AI company at $1.25 trillion, a figure attributed to the Financial Times report.
Source report
OpenAI has cut its latest funding target by $10 billion and is now seeking to raise approximately $20 billion at a valuation of $1.25 trillion, according to the Financial Times.
Source
domesticWestern
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OpenAI cuts funding target by $10 billion to $20 billion at $1.25 trillion valuation