OpenAI Cuts Funding Target by $10 Billion, FT Reports
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14 Articles
(Seoul = Yonhap News) Reporter Kwak Min-seo = OpenAI, the developer of ChatGPT, is reported to have reduced its external funding target by $10 billion (approximately 13.3 trillion won)...
According to a media report, OpenAI has lowered its financing target from $30 billion to $20 billion. Investors recently expressed concern about the massive spending on artificial intelligence.
OpenAI has scaled down the size of its private funding round. According to a Financial Times report published Friday night, the amount the company is seeking is approximately $1.25 billion.
🚨 OpenAI lowers its funding target following a sell-off in AI stocks. 📉 The company reduced its target from $30 billion and $1.4 trillion to $20 billion and $1.25 trillion. 🤖 During the same period, the Nasdaq 100 has fallen by approximately 10% since its peak on October 6. Read More: OpenAI lowers its target following a sell-off in AI stocks The article "OpenAI lowers its target following a sell-off in AI stocks" first appeared on COINTURK.
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