Sources: OpenAI now seeks ~$20B at a $1.25T valuation for its latest round, from $30B at a $1.4T valuation, as some investors cut commitments amid an AI selloff (Financial Times)

OpenAI is reportedly seeking approximately $20B at a $1.25T valuation for its latest funding round. This marks a decrease from its previous target of $30B at a $1.4T valuation. The adjustment comes as some investors have reduced their commitments, coinciding with a broader selloff in the AI sector. The ChatGPT maker is tempering its ambitions amid these market conditions.