OpenAI cuts funding target by $10 billion: FT

AI startup OpenAI has slashed the target for its latest funding round by $10 billion and is now seeking to raise $20 billion at a $1.25 trillion valuation, the Financial Times reported on Friday, citing people with knowledge of the matter.

The company had said it was aiming to raise $30 billion at a $1.4 trillion valuation last month.