OpenAI has $11B committed toward initial $30B funding target, WSJ reports
OpenAI has roughly $11B committed at a $1.25T valuation, the Journal reported on October 30th. The FT separately reported that OpenAI had cut its target to $20B.
By Ryan Merket · Published
Primary source: WSJ.com
Why it matters
A reported gap between OpenAI's initial $30B target and roughly $11B committed so far gives founders a current data point on late-stage AI pricing. The reported $1.25T valuation, below the $1.4T OpenAI had hoped for, will be read against Anthropic's $965B Series H mark and IPO valuation estimates ranging from roughly $1.5T to $2T.
Sam Altman, who co-founded OpenAI in 2015 and has been its chief executive since 2019, is overseeing a financing that has drawn smaller commitments than the company initially sought. OpenAI has so far secured roughly $11 billion in commitments for a round that initially targeted $30 billion, according to The Wall Street Journal's report on October 30th.…
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