OpenAI gets $11 billion funding at $1.25 trillion valuation: Report

Picture: ET Tech · see the original ↗

OpenAI has completed an $11 billion funding round at a $1.25 trillion valuation, after scaling back earlier plans to raise over $30 billion. The company has faced shifting investor sentiment toward AI investments and infrastructure costs. Additional funds, which may take the total to $20 billion, are expected to close soon.

Source: ET Tech ↗

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