OpenAI, the creator of ChatGPT, has raised only $11 billion of the planned $30 billion in a new investment round ahead of its initial public offering (IPO), The Wall Street Journal reports.
According to the newspaper, the lower-than-expected investment is attributed to declining interest in the artificial intelligence sector and growing caution among investors.
Sources cited by the publication said the company plans to raise an additional $20 billion in its next funding round.