OpenAI reportedly shifts proposed funding valuation down to $1.25 trillion

OpenAI is seeking around $30 billion at a proposed $1.25 trillion valuation, Bloomberg reported in an article carried by The Straits Times. People involved in the talks described a $150 billion reduction from the $1.4 trillion discussed earlier. Coatue Management was in talks to co-lead, but fundraising discussions were still ongoing and details could change.