KI: OpenAI is likely to lower its funding target by ten billion dollars

Frankfurt. According to a media report, OpenAI has lowered its target for its latest funding round by $10 billion to $20 billion. The ChatGPT developer is valued at $1.25 trillion, the Financial Times reported, citing insiders.

The company originally planned to raise $30 billion at a valuation of $1.4 trillion. The background to the reduction in the financing target is a sell-off in US technology stocks. Investors have recently been concerned about the massive spending on artificial intelligence.

According to the report, a first round could even raise less than the target amount because some investors have reduced their commitments. OpenAI wanted to complete the funding round before rival Anthropic's expected IPO in mid-November. There was initially no statement from OpenAI.