OpenAI trims fundraising target to about $20bn

· Tech · United States

OpenAI has pared its fundraising goal and is now seeking up to $20 billion in its latest round, according to people familiar with the deal cited by CNBC and the Financial Times. The round is still in progress and has not closed, so the figures are subject to change. The FT reported the company is seeking a desired valuation of $1.25 trillion, down from an earlier target. The fundraising comes as tech stocks have sold off on doubts about heavy AI spending, and as investors reassess the costs of building and running large AI systems.

Why it matters：A smaller round at a lower valuation would signal that the AI investment boom is cooling, with consequences for startups, chipmakers and the wider tech market.

Key points

  • OpenAI is now seeking up to $20 billion in its latest round.
  • The FT reported a desired valuation of $1.25 trillion, down from an earlier target.
  • The round is still open and the figures could change.

Sources (original reporting)

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