Financial Times ·

OpenAI has cut its valuation target to $1.25T, down from the $1.4T valuation it pitched earlier this month, after facing resistance from some investors

AI lab floated $1.4tn price tag earlier this month, according to documents seen by the FT

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OpenAI has cut its valuation target to $1.25T, down from the $1.4T valuation it pitched earlier this month, after facing resistance from some investors

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Financial Times — OpenAI has cut its valuation target to $1.25T, down from the $1.4T valuation it pitched earlier this month, after facing resistance from some investors ↗

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Related stories

New York Times: Investors recently approached OpenAI with a proposal to invest at a $1.2T valuation, but OpenAI believes its valuation should be at least $1.5T

Financial Times: OpenAI has held early conversations with investors about raising another private funding round at a $1.2T valuation before its planned IPO

Reuters: OpenAI is racing to secure investor commitments before Anthropic's planned IPO in mid-November, aiming to raise ~$30B; the round may value it at $1.4T+

Reuters: Some Anthropic investors discussed a ~$1.5T valuation for its IPO, down from ~$2T they had expected, after disclosures showed slowing Q3 revenue growth

CNBC: Nvidia, Oracle, CoreWeave, and other AI stocks fell after a report that OpenAI's annualized revenue at September's end was $20B less than previously reported

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