OpenAI aims to raise $20 billion in its new funding round.
Investors from the United Arab Emirates and Coatue are among the key participants in the funding round.
OpenAI’s planned fundraising round has been scaled back. While the company initially aimed to raise $30 billion, it is now expected to secure a maximum of $20 billion. Despite the reduction, OpenAI’s post-money valuation is expected to remain at $1.25 trillion.
According to the Financial Times and CNBC, the fundraising target was lowered after some investors decided to reduce their commitments. The main participants in the round include investors from the United Arab Emirates and Coatue.
The reduction comes amid growing investor concerns about the artificial intelligence sector. In particular, questions are being raised about whether the massive investments made by major technology companies in data centers, GPUs and AI infrastructure will generate sufficient returns. AI-related stocks have also declined in recent days.
OpenAI’s funding round has not yet been finalized, meaning the total amount raised could still change. The final figures and list of investors are expected to be announced once the round closes.