OpenAI cuts its valuation goal to $1.25T, reports say
CNBC and Bloomberg report that OpenAI is raising about $30 billion at a value of $1.25 trillion. That is $150 billion less than the figure discussed earlier. OpenAI declined to comment.
People familiar with the talks say OpenAI wants commitments from investors by the end of next week. The investment firm Coatue is in talks to co-lead the round, and investors from the United Arab Emirates are also involved, both outlets report.