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OpenAI lowers funding target by $10 billion, Jordan Kerridge notes

OpenAI lowers funding target by $10 billion, Jordan Kerridge notes
OpenAI cuts fundraising target and valuation

OpenAI has reduced its fundraising target by $10 billion, lowering its goal from $30 billion to $20 billion and decreasing its proposed valuation from $1.4 trillion to $1.25 trillion.

Jordan Kerridge reported that the company has already secured approximately $11 billion in funding commitments.

Kerridge has previously reported on the U.S. Treasury’s plan to buy back up to $6 billion of longer-term debt, a move intended to support liquidity. He also covered developments in the Middle East, including Iran’s offer to reopen the Strait of Hormuz within seven days if U.S. conditions are met. These stories highlight key financial and geopolitical updates tracked by the author.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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