OpenAI reduces its $10 billion fundraising goal amid doubts about AI

OpenAI has reportedly reduced its fundraising target by 10 billion dollars. The company behind ChatGPT is now seeking 20 billion dollars, down from the initial 30 billion. Its targeted valuation also drops from 1,400 to 1,250 billion dollars. This revision comes as investors become more cautious about the colossal spending in AI. The change is significant. At the end of September, OpenAI was still seeking 30 billion dollars from investors, with a valuation close to 1,400 billion. Cointribune had then reported OpenAI’s financial ambitions , a few months after a previous 122 billion dollar fundraising round closed in March. A month later, conditions have changed. According to the Financial Times, citing several people close to the discussions, OpenAI now aims for about 20 billion dollars.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Cointribune.