OpenAI cuts funding target to $20 billion at $1.25 trillion valuation
In short
OpenAI is now trying to raise about $20 billion at a $1.25 trillion valuation. That is $10 billion less than its earlier target and below the $30 billion plan at a $1.4 trillion valuation last month.
The move matters because it changes the size and pricing of one of the biggest AI funding rounds. It is not stated who will invest or whether the deal is finished.
What the reporting says
OpenAI has cut its latest funding target by $10 billion and is now seeking about $20 billion at a $1.25 trillion valuation, according to publisher summaries citing the Financial Times. The new target is down from $30 billion at a $1.4 trillion valuation last month. The reporting does not say who the investors are, whether terms changed, or whether the round is complete.
Why it matters
OpenAI has reportedly reduced its funding target by $10 billion and is now seeking about $20 billion at a $1.25 trillion valuation, down from a $30 billion target at a $1.4 trillion valuation last month. The update points to a larger change in financing plans for the ChatGPT maker, but the reporting does not explain why the target was cut or whether the round is already secured.