Why OpenAI Lowered Its Price Tag Weeks Before Anthropic Goes Public

OpenAI has lowered the valuation target for its latest funding round to $1.25 trillion, the Financial Times reported. That sits below the $1.4 trillion price investors heard earlier this month. The new figure would still lift OpenAI almost 50% above its $852 billion valuation from March. Investors have until October 30 to commit. Why Did OpenAI’s $1.4 Trillion Pitch Land With a Thud? Morgan Stanley and tech fund Dragoneer took the round to the bank’s private wealth clients. They pitched a $1.4 trillion pre-money valuation , documents seen by the FT show. Several people close to the process said demand fell short of earlier OpenAI rounds. “There has been zero clamouring. All the prior times [OpenAI] have been on there’s been a frenzy.

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