Haircut Season Spreads: OpenAI Trims Valuation Target To $1.25 Trillion After "Thud" From Investors

First it was Anthropic. Now it's OpenAI.

Exactly one week after some of Anthropic's own investors walked out of its investor day talking about a valuation of around $1.5 trillion, some $500 billion below the $2 trillion previously penciled in for its November IPO, the FT reported that OpenAI has cut the valuation target for its own latest funding round after facing resistance on a $1.4 trillion price tag from some investors, as the cash-incinerating frontier lab pushes to raise $30 billion before going public next year.

"Zero Clamouring"