OpenAI raises $11 billion of its $30 billion target
Key point
OpenAI raised approximately $11 billion in its latest funding round, less than half of its $30 billion target. The valuation reached $1.25 trillion.
OpenAI raised approximately $11 billion in its latest funding round, which is less than half of its $30 billion target. The valuation stood at $1.25 trillion, falling short of expectations. Major investors appear to be pulling back amid the recent tech sell-off.
Meanwhile, rival Anthropic is pushing to go public as early as November.
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