AI funding: OpenAI collects eleven billion dollars from investors according to report
According to Bloomberg, the ChatGPT developer is valued at $1.25 trillion. Due to the sell-off in AI stocks and concerns about high costs, OpenAI has lowered its targets.
OpenAI, the developer of ChatGPT, has reportedly raised $11 billion in a new funding round, valuing the company at $1.25 trillion. The funds were transferred on Friday, according to Bloomberg, citing insiders. The round could reach up to $20 billion, with the remainder expected to be completed in the coming weeks. OpenAI had initially aimed to raise over $30 billion at a valuation of around $1.4 trillion, but plans were scaled back due to a broader sell-off in AI stocks and investor concerns over AI infrastructure spending.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
