OpenAI reportedly lowers funding target for new round

OpenAI's latest funding round is reportedly falling short of expectations, with the company lowering its target from $30 billion to $20 billion. The round, led by UAE investors, has secured $11 billion so far, but some large investors have shown a 'tepid' response. The fundraising challenges may be due to a sell-off of tech stocks and the planned IPO of Anthropic.