There are two important things to take away from the OpenAI private round coming in smaller than expected. 1) [the obvio | Hanami
There are two important things to take away from the OpenAI private round coming in smaller than expected.
1) [the obvious] Big investors getting more skittish about AI revenues ever meeting the AI capex. More to say on this soon.
2) the round was about the valuation mark more than the amount. I am sure they were ok trimming the amount to get a new mark, even if it fell short of what they were targeting. The do not need this number of billions of dollars of investment in this moment. Put a new stock price to minimize dilution etc is worth a lot.