Why OpenAI Lowered Its Price Tag Weeks Before Anthropic Goes Public
OpenAI has lowered the valuation target for its latest funding round to $1.25 trillion, the Financial Times reported. That sits below the $1.4 trillion price investors heard earlier this month. The new figure would still lift OpenAI almost 50% above its $852 billion valuation from March. Investors have until October…
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Funding round
A stage in which a startup raises money from investors, named in sequence such as seed, Series A and Series B.
Each round sets a valuation and shows how much confidence investors have in the company.
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