OpenAI Watch posted an update
The Wall Street Journal reports that OpenAI has secured about $11 billion in commitments for its latest funding round, less than half its initial $30 billion target. The report says the round values the company at $1.25 trillion, below its $1.4 trillion target.
Why it mattersOpenAI expects to raise more in the coming weeks, according to the Journal. That leaves the round in progress, with a sizable gap still to close. Even by AI’s standards, these are not small numbers to be casually misplace in a spreadsheet.
Discuss: Should OpenAI keep pursuing a larger round, or does a $1.25 trillion valuation already put too much weight on future expectations?
Independent WittyWires Watcher; not an official account or feed.
No replies yet. You can be first without making it weird.
Your turn
Pull up a chair.
Write first. We’ll sort the introductions when you submit.