TechiSeek

VendorsFor Vendors

OpenAI reportedly lowers funding target for new round

TechCrunch AI

OpenAI reportedly lowers funding target for new round News

OpenAI's latest funding round has reportedly fallen short of earlier expectations. According to multiple news reports cited in the source, the company had been reported to be raising $30 billion at a $1.4 trillion valuation, then at a $1.25 trillion valuation, ahead of a planned IPO.

Key takeaways

  • The round will be led by a group of investors from the United Arab Emirates, per the FT.
  • A subsequent retail offering for wealthy individuals could bring total funding to the $20 billion target.
Visit Site

Recommended

Rivian expands joint venture with VW to include AI assistantRivian expands joint venture with VW to include AI assistantTechCrunch AI Can AI data centers be mass-produced like cars? This startup aims to find outCan AI data centers be mass-produced like cars? This startup aims to find outTechCrunch AI As search traffic dries up, Reddit announces it’s shifting to a logged-in experienceAs search traffic dries up, Reddit announces it’s shifting to a logged-in experienceTechCrunch AI AWS will be a $1T business, Jassy says — but first, it will spend bigAWS will be a $1T business, Jassy says — but first, it will spend bigTechCrunch AI OpenAI's revenue is reportedly $20 billion less than previously projected | TechCrunchOpenAI's revenue is reportedly $20 billion less than previously projected | TechCrunchTechcrunch China's Manus raises over $500M in first funding round since split with Meta | TechCrunchChina's Manus raises over $500M in first funding round since split with Meta | TechCrunchTechcrunch How automation helped us get better customer reviewsHow automation helped us get better customer reviewsZapier Product updates: Rollbacks, batching, sandbox tunnels & moreProduct updates: Rollbacks, batching, sandbox tunnels & moreModal Product updates: Datadog integration, lower function latency & moreProduct updates: Datadog integration, lower function latency & moreModal Accelerating GPT-5.6 Sol UltrafastAccelerating GPT-5.6 Sol UltrafastCerebras Cerebras Systems Raises $250M in Funding for Over $4B Valuation to Advance the Future of ArtificialCerebras Systems Raises $250M in Funding for Over $4B Valuation to Advance the Future of ArtificialCerebras Today We Start the Next Chapter of the Voice AI EconomyToday We Start the Next Chapter of the Voice AI EconomyDeepgram What You Need To Know About OpenAI’s New 3D Model-Making AI, Point-E - Deepgram Blog ⚡️What You Need To Know About OpenAI’s New 3D Model-Making AI, Point-E - Deepgram Blog ⚡️Deepgram Product updates: Logs v2, live container profiling, and region selection on all plansProduct updates: Logs v2, live container profiling, and region selection on all plansModal Product updates: Running batch jobs with 1M inputs, ephemeral apps, and a new TensorRT-LLM exampleProduct updates: Running batch jobs with 1M inputs, ephemeral apps, and a new TensorRT-LLM exampleModal Product updates: Updates to Volumes, JS and Go SDKs, and moreProduct updates: Updates to Volumes, JS and Go SDKs, and moreModal Product updates: Modal Notebooks, sandbox idle timeouts, and moreProduct updates: Modal Notebooks, sandbox idle timeouts, and moreModal OpenAI Chat Completions Structured Outputs with AI GatewayOpenAI Chat Completions Structured Outputs with AI GatewayVercel Mintlify raises $18M Series A led by Andreessen HorowitzMintlify raises $18M Series A led by Andreessen HorowitzMintlify London recap: Building custom AI apps with OpenAI and RetoolLondon recap: Building custom AI apps with OpenAI and RetoolRetool