Key facts
- OpenAI is seeking to raise $20 billion in its latest funding round.
- The company's valuation target has been set at $1.25 trillion.
- Investor interest has reportedly waned, leading to the reduced target.
OpenAI has significantly lowered its funding target for its latest fundraising round, aiming to raise $20 billion instead of the previously sought $30 billion. The artificial intelligence company is now seeking a valuation of $1.25 trillion, a decrease from its earlier target of $1.4 trillion. This adjustment comes amid reports of waning investor interest, according to the Financial Times, which cited sources familiar with the matter.