OpenAI raises less than half of $30B target

Hacker News Top News

Summary

OpenAI reportedly fell short of its $30 billion fundraising target, raising less than half of the planned amount amid shifting investor sentiment in the AI sector.

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OpenAI reportedly lowers funding target for new round

TechCrunch AI

OpenAI has reportedly lowered its funding target for its latest round from $30 billion to $20 billion, with only $11 billion secured so far amid a tepid response from large investors wary of heavy AI infrastructure spending.