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OpenAI Cuts Funding Target by $10 Billion as Investor Jitters Shake AI Markets

OpenAI has cut the target for its current funding round from $30 billion to $20 billion amid investor concerns about the artificial intelligence market, The Financial Times reported Friday (Oct. 30), citing unnamed sources. The company is seeking to raise the funding at a valuation of $1.25 trillion, down from the previous $1.4 trillion, according […] The post OpenAI Cuts Funding Target by $10 Billion as Investor Jitters Shake AI Markets appeared first on PYMNTS.com.

By PYMNTS

1 min read
OpenAI Cuts Funding Target by $10 Billion as Investor Jitters Shake AI Markets
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