OpenAI reportedly cuts fundraising and valuation targets amid AI jitters

coindesk.com1 min read

OpenAI has reportedly cut its fundraising target and valuation amid a steep stock selloff and growing market anxiety over the AI boom. According to a report by the Financial Times, the company is now seeking to raise about $20 billion at a $1.25 trillion valuation, down from previous plans to raise $30 billion at a $1.4 trillion valuation. Additionally, OpenAI faces competition for capital from rival Anthropic, which is reportedly aiming to raise up to $100 billion ahead of a planned public debut. Open article →

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