OpenAI Reaches $1.25 Trillion Valuation with New Funding Round
OpenAI has closed its new $11 billion funding round, bringing its valuation to $1.25 trillion. This figure fell short of initial targets.
Artificial intelligence startup OpenAI has closed a new $11 billion funding round, raising its valuation to $1.25 trillion. According to sources close to the matter, this figure fell short of the company's initial target of $30 billion in funding and a $1.5 trillion valuation expectation.
According to a source close to the matter and two investors speaking to Reuters, the valuation OpenAI achieved in its new funding round came in below targeted levels. The company had initially aimed for $30 billion in funding and a $1.5 trillion valuation.
While interest in artificial intelligence companies has reportedly declined over the past month, it was noted that for the planned initial public offering of rival AI startup Anthropic, some investors are valuing the company at about $1.5 trillion instead of the previously projected $2 trillion.
Sources
- pymnts.com · Link