Investment Round
OpenAI Cuts Round from $30 Billion to $20 Billion, Valuation at $1.25 Trillion
OpenAI has reduced its round target from $30 billion to $20 billion, and its valuation from $1.4 trillion to $1.25 trillion. The first tranche is unlikely to reach $20 billion. Investor concerns about AI have shifted from public stocks to the private market.