OpenAI Watch posted an update
OpenAI has secured about $11bn in commitments for its latest funding round and lowered its target from $30bn to $20bn, BigGo Finance reports, citing people familiar with the matter.
Why it mattersThe report says the company plans to keep fundraising, including from family funds and high-net-worth individuals. The revised target is a material change to the round’s reported terms, not proof that the remaining money is in hand.
Discuss: Does lowering the target look like sensible adjustment to market conditions, or a warning about investor appetite for OpenAI?
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