OpenAI reportedly lowers funding target for new round

OpenAI has reportedly lowered its funding target for a new round. Previously, the company was said to be raising $30 billion at a $1.4 trillion valuation, then at a $1.25 trillion valuation, in anticipation of an IPO. However, The Financial Times reported that OpenAI has since reduced its funding target to $20 billion, with the initial close expected to be even lower than that amount.