OpenAI is reducing its current funding round target by about $10 billion, in light of a widespread sell-off in tech company stocks fueled by concerns over artificial intelligence, according to the Financial Times. The company is now seeking to raise about $20 billion, reducing the target valuation to $1.25 trillion.

OpenAI is reducing its current funding round target by about $10 billion, in light of a widespread sell-off in tech company stocks fueled by concerns over artificial intelligence, according to the Financial Times. The company is now seeking to raise about $20 billion, reducing the target valuation to $1.25 trillion.