Wall Street Journal · Berber Jin ·

OpenAI has secured ~$11B in commitments for its latest funding round, less than half its initial $30B target, and expects to raise more in coming weeks

The ChatGPT maker's latest funding round values it at $1.25 trillion, less than its $1.4 trillion target

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OpenAI has secured ~$11B in commitments for its latest funding round, less than half its initial $30B target, and expects to raise more in coming weeks

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Wall Street Journal — OpenAI has secured ~$11B in commitments for its latest funding round, less than half its initial $30B target, and expects to raise more in coming weeks ↗

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Oct 31Nov 1

Coverage

Financial Times: Sources: OpenAI now seeks ~$20B at a $1.25T valuation for its latest round, from $30B at a $1.4T valuation, as some investors cut commitments amid an AI selloff

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Related stories

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+

Financial Times: OpenAI has cut its valuation target to $1.25T, down from the $1.4T valuation it pitched earlier in October, after facing resistance from some investors

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

The Information: SoftBank made the final $10B investment in its $30B pledge to OpenAI's most recent funding round; source: Nvidia made its final $10B investment in the round too

Wall Street Journal: SEC filing: OpenAI invests ~$400M in its second startup fund, after it raised $175M for its first fund in 2021 from outside investors, including Microsoft

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