OpenAI reportedly has roughly $11 billion in commitments toward an initial $30 billion funding target

As of October 30, OpenAI had reportedly secured roughly $11 billion in commitments for its latest funding round, less than half its initial $30 billion target. Some large investors had reportedly shown tepid interest, and the reported deal's $1.25 trillion valuation was below the $1.4 trillion OpenAI had hoped for. One commentator argued that market pressure to show progress and offer discounts could make strong companies stronger.