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OpenAI cuts its valuation target to $1.25 trillion ahead of its IPO

TechnologyInternationalExpansión35 s readAI summary
Image: Expansión

OpenAI lowered its valuation target to $1.25 trillion for the funding round preceding its IPO, about $150 billion less than the $1.4 trillion it proposed in early October. According to the FT, interest from private banking clients was weaker than usual and some investors prefer to wait for Anthropic's debut. The figure is nearly 50% higher than the $852 billion valuation in March. The company seeks to raise up to $30 billion in bridge financing.

In 35 seconds

  • OpenAI cuts its valuation target to $1.25 trillion, down from the $1.4 trillion proposed in early October.
  • The figure implies nearly 50% more than the $852 billion valuation in March.
  • Interest from private banking clients was weaker and some funds are waiting for Anthropic's debut, which targets $2 trillion.
Read the full story at Expansión

IASummary generated by artificial intelligence from a story by Expansión. It may contain errors: the original source prevails.

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