WORLDTECHOpenAI reportedly lowers fundraising target to $20 billion in SoftBank talks
OpenAI has reportedly scaled back its latest fundraising goal to as much as $20 billion, from an earlier aim of up to $30 billion, according to a DealBook report carried by Crypto Briefing. The company is currently in discussions with large investors, among them SoftBank.
Smaller target than first planned
Per the DealBook report, OpenAI now looks to raise up to $20 billion in its current round. The company had first sought up to $30 billion, a cut of as much as a third.
The report ties the lower figure to a possible decline in investor commitments, although the available information does not explain the reasons in further detail.
SoftBank among the investors in talks
OpenAI is speaking with several major investors, SoftBank among them, a firm that has already put substantial money into the San Francisco-based artificial intelligence company.
OpenAI is known for AI products such as GPT-6, a large language model.
What the reduction could signal
A smaller target could point to financial caution at OpenAI and may weigh on investor confidence, potentially reshaping dynamics in the market for AI funding.
These points are assessments of the reported change rather than confirmed outcomes.
Open questions
- Will OpenAI close its round at or below the reduced $20 billion target?
- Does the lower target reflect reduced commitments from investors such as SoftBank?