Oct 30 (Reuters) – AI startup OpenAI has slashed the target for its latest funding round by $10 billion and is now seeking to raise $20 billion at a $1.25 trillion valuation, the Financial Times reported on Friday, citing people with knowledge of the matter.
The company had said it was aiming to raise $30 billion at a $1.4 trillion valuation last month.
(Reporting by Ananya Palyekar in Bengaluru; Editing by Tom Hogue)
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