OpenAI has reportedly lowered the target for its next funding round to 20B USD, down from 30B USD, at a valuation of 1.25 trillion USD, with a first close expected to fall short. The Wall Street Journal reports 11B USD secured so far and a tepid response from large investors, with a syndicate of United Arab Emirates investors leading the round. https://techcrunch.com/2026/10/31/openai-reportedly-lowers-funding-target-for-new-round/ #Tech #Startup #News #AI
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