OpenAI cuts funding valuation target to $1.25 trillion

OpenAI lowered its target valuation to $1.25 trillion and reduced its funding goal after investors pushed back on its initial terms. This downsized deal, combined with Anthropic PBC pursuing an IPO at a lower-than-expected $1.4 trillion valuation, has sparked venture capital concerns about a potential private company startup correction amid a broader public market AI selloff. Open article →