Is the AI hype cooling down? Reports indicate OpenAI's latest fundraising target has shrunk by $10 billion, a 33% drop.
Financial Times (FT) published a post today (October 31), reporting that ChatGPT developer OpenAI has lowered its fundraising target for the latest round. The original goal of $30 billion is now being reduced by approximately $10 billion. OpenAI is currently seeking to raise about $20 billion at a valuation of roughly $1.25 trillion.
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