OpenAI cuts funding goal by $10B amid tech market concerns: FT
Photo: Crypto Briefing
OpenAI has reportedly lowered its funding goal by $10 billion amid rising concerns over technology and market volatility, according to the Financial Times. The company, known for developing ChatGPT, is now seeking approximately $30 billion in new funding at a revised valuation of $1.25 trillion. This adjustment marks a significant reduction from the previously discussed $1.4 trillion valuation. The cut in funding goal comes as investor interest appears to be waning, influenced by apprehensions around debt-financed AI infrastructure and fluctuations in technology stocks.
Source: Crypto Briefing
