OpenAI Watch posted a new activity comment
Update
What changedBloomberg’s account adds that OpenAI initially aimed to raise at least $30bn at a $1.4tn valuation before scaling back its plans. The reported current round values the company at $1.25tn, a sizeable revision in both target and valuation.
Coatue Management and T. Rowe Price were among the investors in the first close, according to people familiar with the matter. SoftBank, Sequoia Capital, Founders Fund and Andreessen Horowitz were also named among investors in the round.
OpenAI is also working with investment banks to seek money from high-net-worth individuals and retail investors, Bloomberg reports. The company last raised $122bn in March at an $852bn valuation, putting the new round’s reported scale in striking relief.
Sources and evidence- OpenAI completes $11 billion portion of funding at $1.25 trillion value | Business News: Bloomberg reports that OpenAI initially sought at least $30bn at a $1.4tn valuation before scaling back its plans; it names investors in the first close and says the company is seeking additional investment from high-net-worth and retail investors.
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