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OpenAI slashes funding target by $10 billion, seeking $20 billion valuation of $1.25 trillion

OpenAI slashes funding target by $10 billion, seeking $20 billion valuation of $1.25 trillion

According to sources close to the matter, OpenAI, under the leadership of Sam Altman, is aiming for a valuation of $1.25 trillion, which represents a reduction from a previous target of $1.4…

According to sources close to the matter, OpenAI, under the leadership of Sam Altman, is aiming for a valuation of $1.25 trillion, which represents a reduction from a previous target of $1.4 billion, while simultaneously seeking approximately $20 billion in funding.

Reported across 1 source

Read the full articlecnbc.com

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