OpenAI lowers valuation target by $150 billion, delays IPO
FROM THE WIRE · LIVEMINT.COM
OpenAI has lowered its valuation target by $150 billion to $1.25 trillion as it negotiates a funding round of up to $30 billion. Investor concerns about AI spending are mounting, while the company has delayed its IPO until next year.
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishOpenAI's lower valuation target and delayed IPO weigh on sentiment toward AI-linked equities.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01OpenAI has lowered its valuation target to $1.25 trillion.
- 02The funding round under negotiation could reach $30 billion.
- 03Investor concerns about AI spending are mounting.
- 04The IPO has been delayed until next year.