● OpenAI Funding Round Falls Short of Target

OpenAI secured just $11 billion of its $30 billion funding target, cutting its goal to $20 billion. The round now values OpenAI at $1.25 trillion, down from the $1.4 trillion it sought a month ago, according to people familiar with the matter. Investors cited growing concerns about AI-related investments, cooling demand for what would have been the largest private fundraise ever. Microsoft ($MSFT), one of OpenAI's biggest backers, is watching the slower round unfold as AI valuations face fresh scrutiny.