OpenAI Slashes $1.4 Trillion Target to $1.25 Trillion as Investor Interest Cools

OpenAI trimmed its fundraising valuation target by $150 billion to $1.25 trillion this week, a rare retreat that signals hardening skepticism about the costs and returns of building artificial general intelligence. The company, which launched a Series C bridge financing to lock in roughly $30 billion before a 2027 initial public offering, hit unexpected investor resistance even from its largest backers, according to reporting on the financing round that closes October 30.