OpenAI cuts funding target by $10 billion to $20 billion - FT
OpenAI has decreased its fundraising target by $10 billion to $20 billion, lowering its proposed valuation to $1.25 trillion, according to the Financial Times. The AI company had initially sought $30 billion at a valuation of $1.4 trillion. The deadline for investors to commit to the financing round was set for Friday, although the initial closing is likely to fall short of the revised target.