OpenAI raises just $11 billion of its $30 billion target as big investors lose their AI appetite

OpenAI raises $11 billion at $1.25 trillion valuation, missing $30 billion target

OpenAI's latest funding round raised only about $11 billion, less than half of its $30 billion target, with major investors losing appetite for AI investments. The valuation of $1.25 trillion also fell short of expectations.