OpenAI reportedly targets $1.25 trillion valuation in talks to raise around $30 billion

OpenAI is seeking around $30 billion in fresh funding at a targeted $1.25 trillion valuation, Bloomberg reports, citing people familiar with the matter. That is $150 billion below the $1.4 trillion value discussed earlier in the talks. The negotiations are in their final stages, but the fundraising discussions are ongoing and details could change.