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The Decoder· Matthias Bastian·· 15 days agoFeaturedAI score78

OpenAI raises just $11 billion of its $30 billion target as big investors lose their AI appetite

OpenAI raises just $11 billion of its $30 billion target as big investors lose their AI appetite

AI summary

OpenAI has secured about $11 billion of its $30 billion fundraising target in its latest round, with a valuation of $1.25 trillion rather than the $1.4 trillion it sought, according to the Wall Street Journal. The shortfall is attributed to fading interest from major investors amid a tech sell-off driven by weak quarterly results from Google, Amazon, and Intel, and OpenAI now plans to raise up to $20 billion from family offices and high-net-worth individuals. The company reportedly plans an IPO early next year, while rival Anthropic has been growing revenue faster and could go public as early as November.

Why it matters

It offers a concrete look at how investor appetite for AI fundraising is shifting, with specific figures and a comparison to Anthropic's momentum.

Source: The Decoder · the-decoder.com