OpenAI Trims Latest Funding Target to $20 Billion Amid AI Selloff

OpenAI has reportedly reduced its latest funding target from $30 billion to approximately $20 billion, with the implied valuation also lowered from $1.4 trillion to $1.25 trillion. Investor subscriptions were due last Friday, and some investors have reportedly reduced their allocations, potentially leading to the first close falling below the revised target.