OpenAI Reportedly Lowers Target for New Funding Round
OpenAI's latest fundraising round is reportedly not living up to expectations, so the company has lowered its funding target. The report appeared in TechCrunch's AI coverage. It does not say what the new target is, and it gives no reasons beyond the round falling short of hopes.
Quick glossaryOpenAI, funding round
- OpenAI
- A US AI company best known for ChatGPT, its popular chatbot that writes text and answers questions.
- funding round
- A fixed period in which a company collects money from investors, often by selling them shares of the business.
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