OpenAI cut its fundraising target to up to $20 billion. The earlier goal was about $30 billion. The Financial Times reported a $1.25 trillion post-money valuation. The round remains open and terms may still change. UAE investors and Coatue are leading the round. OpenAI set a Friday deadline for investor commitments. Some investors reduced their allocations. The move follows a tech selloff and scrutiny of AI spending.
What changed
OpenAI initially sought up to $30 billion in this round.
What it unlocks
Investors can commit to a funding round at a $1.25 trillion valuation.
- up to $20 billion target
- $1.25 trillion post-money valuation
- $30 billion earlier target
- $10 billion reduction
What you need to act on it
- round still open
- final terms subject to change
Sources