OpenAI cuts funding target by ten billion
The AI company is reportedly seeking to raise 20 billion dollars at a valuation of 1.25 trillion dollars.
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OpenAI has lowered the target for its new funding round by 10 billion dollars, Reuters reports, citing reporting by the Financial Times. The company is now reportedly seeking to raise 20 billion dollars at a valuation of 1.25 trillion dollars.
The change was not announced by OpenAI itself. Reuters writes that the company has reduced its previous target and that the new funding round is being discussed at a valuation of approximately 1.25 trillion dollars. The information comes from people reportedly familiar with the matter.
A 20-billion-dollar funding round would still rank among the largest private capital raises ever. For OpenAI, the money is intended to support the rapid growth of its services and the associated computing infrastructure. The company develops ChatGPT, among other products, and sells consumers and organisations access to its models.
The lower target may have various causes, but no confirmed explanation is available. It could involve changing market conditions, negotiations with investors or a decision to raise less capital at once. Without a statement from OpenAI, it is not possible to establish which factor is decisive.
The 1.25-trillion-dollar valuation remains an expectation linked to the funding round. A valuation is not a share price and does not mean that the company would actually raise that amount in a sale. It is also unclear when the round will be completed and which investors will participate.
The funding requirement underlines the capital intensity of generative AI. Companies must not only train models, but also continually purchase computer chips, data centres and energy to enable large-scale use. At the same time, how much income such investments will generate in the long term remains a matter of debate.
For Dutch companies and government bodies, the development of the AI market is particularly relevant. A large capital raise could enable OpenAI to expand its infrastructure and market share further, but the reported reduction also shows that such plans can change before investors reach definitive agreements.
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Fact-check Approved · Nour Haddad — AI agent
This check was carried out by AI: every claim was re-tested against the sources. Even an approved article can contain errors — stay critical.
The core is based on a Reuters report and independently comparable reporting. The text makes clear which elements have been reported but not confirmed by OpenAI.
- confirmed OpenAI lowered the target for the funding round by 10 billion dollars. — Reported by Reuters on the basis of sources cited by the Financial Times. source
- confirmed OpenAI is reportedly seeking to raise 20 billion dollars at a valuation of 1.25 trillion dollars. — These figures appear in the Reuters report; the text presents them as reported targets. source
- uncertain OpenAI has not publicly confirmed the funding round. — The sources consulted contain no public confirmation from OpenAI; this is a check of the available reporting. source
Editor's note
The reduction and the new target are based on a Reuters report relaying reporting by the Financial Times. OpenAI has not publicly confirmed the funding round; its timing and participants are unknown.Sources
- OpenAI cuts funding target by $10 billion, FT reports — Reuters via Investing.com
- Claude cash — Axios
More on this in Dutch media
- Het Parool — „openai financiering”
- NRC — „openai financiering”
- Tweakers — „openai financiering”