OpenAI Lowers Latest Fundraising Goal to $20B and Valuation to $1.25T

OpenAI has lowered its latest fundraising goal to $20 billion and its target valuation to $1.25 trillion, down from a previous $1.4 trillion estimate. The adjustment follows a selloff in AI stocks and declining investor commitments, and the company expects the initial close may not meet the new $20B target, which it may later address through a secondary offering.