OpenAI cuts its funding round target to $20bn, FT reports

OpenAI has cut the target for its latest funding round by $10bn, to about $20bn. The Financial Times reported the cut on Friday 30 October, citing people with knowledge of the matter. Some investors reduced their commitments as AI stocks sold off, according to the report. The round values OpenAI at $1.25tn. The company had […]
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