OpenAI Trims Round to $20B at $1.25T Valuation, FT Says
TL;DR
- OpenAI has reduced its fundraising target to about $20 billion at a $1.25 trillion valuation, down from $30 billion at $1.4 trillion.
- The cut lands after a roughly 10% Nasdaq 100 fall in three weeks since its October 6 record, including a 4.5% drop on Friday.
- Rival Anthropic is preparing a November public offering, reportedly seeking as much as $100 billion at a $1.5 trillion valuation.
OpenAI is now looking to raise about $20 billion at a $1.25 trillion valuation, down from a $30 billion target at $1.4 trillion. CoinDesk reported the figures late Friday, attributing them to the Financial Times.
The cut comes against a falling market. "Anxiety about the AI boom has sent the Nasdaq 100 slumping by about 10% in just three weeks since hitting a record high on October 6, including a 4.5% drop on Friday," the CoinDesk piece notes. OpenAI, led by Sam Altman, had previously put off IPO plans until 2027.
Its closest rival is going the other way. The article says Anthropic is preparing a November public offering, reportedly seeking to raise as much as $100 billion at a $1.5 trillion valuation. The split lands in a crowded week for AI capital news on our side: 429 funding alerts tracked in the last 90 days, including a Friday note that Blackstone warned Anthropic may only clear a double-B junk rating after its IPO.
The CoinDesk piece names no investors, publishes no subscription timelines, and gives no breakdown of who pared back. The FT is its only cited source.
Originally reported by coindesk.com
Read the original article →Original headline: OpenAI Trims Latest Round to $20B at $1.25T Valuation, Down From $30B at $1.4T Amid AI Jitters