OpenAI seeks up to $20 billion in new funding

OpenAI is seeking to raise up to $20 billion in a new funding round, according to CNBC. The round has not closed, so the final figures may change. The Financial Times reports the company had earlier aimed for $30 billion but cut that target by $10 billion, and plans a post-money valuation of $1.25 trillion. Investors from the United Arab Emirates and Coatue are leading the round. OpenAI did not respond to a request for comment.