OpenAI Raises $11 Billion at Lower Valuation Than Target

In depth

OpenAI raised $11 billion in the first part of a funding round, at a valuation of $1.25 trillion. According to Calcalist, this is the first part of a target of $30 billion.

According to Bizportal, the valuation is $150 billion lower than the $1.4 trillion discussed in September, and the total target has fallen to about $20 billion.

According to TheMarker, Anthropic investors are also moving away from a target of $1.5 trillion, following the Nasdaq declines on Thursday.