OpenAI cuts funding target by $10 billion, FT reports
FILE PHOTO: OpenAI logo is seen in this illustration created on June 11, 2026. REUTERS/Dado Ruvic/Illustration/File Photo
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(Corrects attribution in the second paragraph to a Reuters report, rather than the company)
Oct 30 : AI startup OpenAI has slashed the target for its latest funding round by $10 billion and is now seeking to raise $20 billion at a $1.25 trillion valuation, the Financial Times reported on Friday, citing people with knowledge of the matter.
The company was earlier aiming to raise $30 billion at a $1.4 trillion valuation, Reuters previously reported.
Source: Reuters
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