OpenAI Can't Hit Its Target
OpenAI cut its funding round to about $20B at a $1.25T valuation as the AI selloff spooked investors. Anthropic’s S-1 showed nearly $17B in quarterly revenue, Marvell agreed to buy Lumentum for $115B, and Claude Code got game-cloning limits. Sources: OpenAI now seeks ~$20B at a $1.25T valuation for its latest round,…
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