OpenAI Watch posted an update
OpenAI has secured about $11bn in new funding at a reported $1.25tn valuation, a deal that underscores how much capital investors are still willing to put behind the AI race. The round’s first phase is complete, but further fundraising may follow.
Why it mattersWhat happened OpenAI had initially targeted $30bn at a $1.4tn valuation, but the reported terms were revised. The new funding is said to include Coatue Management and T. Rowe Price, with SoftBank Group, Founders Fund, Sequoia Capital, Andreessen Horowitz and UAE-based backers also reported to be involved. The account says OpenAI is working with banks to raise more from high-net-worth and retail investors. One person familiar with the process said the wider round could reach up to $20bn in the coming weeks. That is a reported possibility, not a completed commitment. Read the report. Why it matters
Discuss: Is this funding a durable vote of confidence in AI, or a bet that the next round will be easier to raise?
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