OpenAI Cuts Fundraising Target to $20 Billion as Investor Interest Wanes
OpenAI has reportedly lowered the target for its latest private fundraising round, a move that signals softer demand for one of the most closely watched companies in AI. Previously reported targets ranged as high as $30 billion at valuations around $1.4 trillion and $1.25 trillion; according to multiple reports, the company has now set a $20 billion goal with an initial close expected to be smaller. What changed in the…