OpenAI trims fundraising target, now seeking up to $20bn

· Finance · United States

OpenAI has pared its fundraising goal and is now seeking up to $20bn in its latest round, CNBC reported, citing a person directly familiar with the deal. The round is still in progress and has not closed, so the figures are subject to change. OpenAI is the developer behind ChatGPT and one of the largest private recipients of AI investment. The items do not name the investors involved or explain the reason for the lower target.

Why it matters：The size of OpenAI's round is a bellwether for private AI funding, and a lower target may signal investors turning more cautious about the sector's valuations.

Key points

  • OpenAI is now seeking up to $20bn, down from its earlier goal.
  • The round remains open and the figures could change.
  • CNBC cited a person directly familiar with the deal.

Sources (original reporting)

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