The wire · traced · first seen Oct 31, 09:32 UTC
OpenAI seeks ~$20B for funding round
OpenAI's reported target fell from $30B to ~$20B as some investors cut commitments.
What we checked
Every claim below was walked down the source ladder. The rung is how close the source is to the thing itself; the tense is the source's own.
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announced L2 · reported
OpenAI now seeks ~$20B at a $1.25T valuation, down from a $30B target at a $1.4T valuation.
per Techmeme (L2) -
announced L2 · reported
OpenAI has secured ~$11B in commitments for the round.
per Techmeme (L2); contradicted by Techmeme (L2) -
announced L2 · reported
Some investors cut commitments amid an AI selloff.
per Techmeme (L2); contradicted by Techmeme (L2)
Consensus across sources
0 agree · 1 add nothing either way · 2 contradict
Not confirmed
The round's final size, valuation and closing date are not established.
Who should wait
Anyone making decisions that depend on the round closing at the reported terms.
Sources
- Sources: OpenAI now seeks ~$20B at a $1.25T valuation for its latest round, from $30B at a $1.4T valuation, as some investors cut commitments amid an AI selloff (Financial Times) — Techmeme L2 · reported
- Sources: OpenAI has secured ~$11B in commitments for its latest funding round, less than half its initial $30B target, and expects to raise more in coming weeks (Berber Jin/Wall Street Journal) — Techmeme L2 · reported
- OpenAI reportedly lowers funding target for new round — TechCrunch AI L2 · reported
- Researchers are paid $5K for reporting a bug to OpenAI that would let attackers run code in logged-in sessions of all who opened the hacker's ChatGPT share link (Swati Khandelwal/The Hacker News) — Techmeme L2 · reported