OpenAI cuts its funding target to as much as $20 billion from $30 billion, as AI shares fall

CNBC confirmed on Saturday that OpenAI is seeking to raise up to $20 billion in a new funding round, down from an earlier target of up to $30 billion. The round has not closed, and a source told CNBC the figures could change. The Financial Times first reported the cut and a $1.25 trillion valuation. Shares of AI-linked companies fell on Friday, with Intel down 25%.

• If your business relies on one AI tool, keep your own copy of your prompts, files and results, and know which second tool could replace it.
• Do not decide a plan or a purchase from one week of funding headlines: check the price and limits on the plan page itself.

Source: CNBC. This is our short summary of their reporting. The paragraphs marked "Our read" and the things to do are SeedFoundry's opinion. The summary is drafted with AI tools. Image: OpenAI, from its own announcement. How we source and credit