OpenAI has reduced the target size of its new capital raising round from $30 billion to $20 billion. The company's valuation dropped from $1.4 trillion to $1.25 trillion. in 150 billion dollars. The update reflects investors' interest in the expensive development of artificial intelligence. The decision follows a selloff in technology stocks and growing questions about the cost-effectiveness of massive computing expenditures. Some potential participants reduced their planned investments, so the initial closing of the round may not provide even the revised amount. Negotiating investments does not yet mean receiving all the declared funds. Additional pressure comes from Anthropic, OpenAI's main competitor, which is preparing to go public. Investors compare two companies, their chances and the expected value before they go public. OpenAI still expects to raise tens of billions of dollars, but now it is forced to do so on less favorable terms.

OpenAI has reduced the target size of its new capital raising round from $30 billion to $20 billion. The company's valuation dropped from $1.4 trillion to $1.25 trillion. in 150 billion dollars. The update reflects investors' interest in the expensive development of artificial intelligence. The decision follows a selloff in technology stocks and growing questions about the cost-effectiveness of massive computing expenditures. Some potential participants reduced their planned investments, so the initial closing of the round may not provide even the revised amount. Negotiating investments does not yet mean receiving all the declared funds. Additional pressure comes from Anthropic, OpenAI's main competitor, which is preparing to go public. Investors compare two companies, their chances and the expected value before they go public. OpenAI still expects to raise tens of billions of dollars, but now it is forced to do so on less favorable terms.