Photo: Village Global, CC BY 2.0 (file image: OpenAI CEO Sam Altman, 2022) / Source: Wikimedia Commons
NEW A.I. News · 06:37
OpenAI cuts its new funding round target by $10 billion to $20 billion as AI spending fears grow
OpenAI is now seeking to raise up to $20 billion in its latest funding round, down from an earlier target of up to $30 billion, CNBC confirmed after the Financial Times first reported the cut. The round has not closed and the figures may still change. The move follows a week in which investors questioned whether the huge spending on artificial intelligence will pay off.