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OpenAI raised just $11 billion of its $30 billion target as major investors lost interest. The company secured this amount while aiming for $1.4 trillion in valuation, falling short due to a tech sell-off driven by weak results from Google, Amazon, and Intel.
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Summary by ByteBrief

OpenAI Closes $30 Billion UAE Round

Sources: OpenAI has secured ~$11B in commitments for its latest funding round, less than half its initial $30B target, and expects to raise more in coming weeks (Berber Jin/Wall Street Journal)

OpenAI Cuts Funding Target by $10bn