Browsing: OpenAI

OpenAI has reportedly lowered its target for its latest funding round, marking a significant shift for the company that’s been the poster child of the AI boom. The move signals growing caution among investors as the artificial intelligence sector faces mounting scrutiny over profitability and sustainable business models. This development comes just weeks after OpenAI’s…

First no I.P.O., now less money from private investors. OpenAI has lowered the target of its current funding round by $10 billion to $20 billion (about €18 billion) The valuation is coming down, too: Instead of $1.4 trillion, the ChatGPT maker is now aiming for $1.25 trillion (about €1.12 trillion), a discount of $150 billion