OpenAI reportedly cuts funding target from $30 billion to about $20 billion

The Financial Times reports that OpenAI lowered its fundraising goal amid a tech sell-off and worries about AI spending. The Wall Street Journal says the company has secured roughly $11 billion in commitments so far, less than half its original $30 billion target, at a $1.25 trillion valuation rather than the $1.4 trillion it sought.