Sources: OpenAI has secured ~$11B in commitments for its latest funding round, less than half its initial $30B target, and expects to raise more in coming weeks (Berber Jin/Wall Street Journal) — SkimNews
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- OpenAI has secured roughly $11 billion in commitments for its latest funding round, less than half its initial $30 billion target, and expects to raise more in coming weeks.
- OpenAI now seeks about $20 billion at a $1.25 trillion valuation, down from a $30 billion round at $1.4 trillion, with some investors cutting commitments amid an AI selloff, according to a Financial Times headline carried by TechMeme.
Why it matters: For OpenAI, the round now combines about $11 billion in secured commitments with a roughly $20 billion fundraising effort at a $1.25 trillion valuation, below the original $30 billion goal and $1.4 trillion valuation. Some investors cut commitments amid an AI selloff, and OpenAI expects to raise more in coming weeks.
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