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Bloomberg reported that OpenAI’s funding round has shrunk by about 33%, while its valuation target fell by about 11%, from $1.4 trillion to $1.25 trillion. According to the Financial Times, investors first pushed back on the price and then reduced the amounts they were willing to commit.
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Bloomberg reports that OpenAI’s fundraising round has shrunk from $30B to about $20B, while its target valuation fell from $1.4T to $1.25T. According to the Financial Times, investors first pushed back on the price and then reduced their commitments. Even at the lower target, its pre-money valuation would be about 47% above the $852B mark set in March.
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Bloomberg reported that OpenAI’s funding round has shrunk by about 33%, while its valuation target fell by about 11%, from $1.4 trillion to $1.25 trillion. According to the Financial Times, investors first pushed back on the price and then reduced the amounts they were willing to commit.
Bloomberg reports that OpenAI’s fundraising round has shrunk from $30B to about $20B, while its target valuation fell from $1.4T to $1.25T. According to the Financial Times, investors first pushed back on the price and then reduced their commitments. Even at the lower target, its pre-money valuation would be about 47% above the $852B mark set in March.
According to IT之家’s account of a Financial Times report, OpenAI has reduced its latest fundraising target by about $10 billion and is seeking about $20 billion at a valuation of roughly $1.25 trillion. Sources said some investors have reduced their commitments, and the first close could fall short of $20 billion.
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