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BusinessUpdated 20 min ago

OpenAI raises $11 billion at $1.25 trillion valuation amid concerns over AI spending and regulation

Image: Mint

OpenAI has secured $11 billion in the first tranche of a funding round valuing it at $1.25 trillion, with the total potentially reaching $20 billion. The fundraising comes amid a tech sell-off and growing investor concerns over AI spending and regulation.

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