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OpenAI Raises $11B
OpenAI has raised about $11 billion in a funding round that has yet to close, at a valuation of $1.25 trillion, according to sources cited by Bloomberg. The round is expected to reach nearly $20 billion in the coming weeks, below an earlier target of $30 billion. The funding comes amid falling valuations for AI companies and concerns about tighter oversight of data centers, while OpenAI has postponed its plans for an initial public offering.
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