Economy · World
OpenAI Lowers Valuation Target Amidst Funding Round Negotiations
OpenAI has reduced its valuation target by $150 billion, setting it at $1.25 trillion as it negotiates a funding round of up to $30 billion. The company has also postponed its initial public offering (IPO) to next year, amid growing investor concerns about artificial intelligence (AI) spending. Separately, Chinese AI startup DeepSeek has raised $15 billion, aiming to compete with leading US AI laboratories.
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- Centre (3): Mint, The Hindu BusinessLine, The Wall Street Journal