OpenAI trims its funding goal by $10 billion as AI investor demand cools
Photo: Crypto Briefing
The ChatGPT maker lowered its pre-money valuation target to $1.25 trillion after a lukewarm response from potential backers OpenAI has cut its funding goal by $10 billion as concerns about the technology sector grow. The company has also lowered the valuation target for its latest round from $1.4 trillion to $1.25 trillion pre-money. That is a $150 billion haircut, which is more than most companies on earth are worth. OpenAI is now looking to raise up to $30 billion.
Source: Crypto Briefing
