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OpenAI lowers fundraising target to up to $20 billion

CNBC · ·by G4L

  1. 1OpenAI is attempting to raise up to $20 billion in a new funding round.
  2. 2OpenAI reduced its target by $10 billion from its previous goal of up to $30 billion.
  3. 3The company is targeting a post-money valuation of $1.25 trillion.

So what's the key point?

OpenAI has lowered the amount of money it is looking to raise to $20 billion. It is currently seeking funds with a target company valuation of $1.25 trillion.

Source CNBC · View original ↗

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