OpenAI cuts its valuation target to $1.25tn as it nears a $30bn round
OpenAI has lowered the valuation it is seeking for its new funding round to $1.25tn, from the $1.4tn it pitched earlier this month. Some investors had pushed back on the higher price, the Financial Times reported, citing documents it had seen. The company is close to raising up to $30bn at that…