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Berber Jin / Wall Street Journal : Sources: OpenAI has secured ~$11B in commitments for its latest funding round, less than half its initial $30B target, and expects to raise more in coming weeks, The ChatGPT maker's latest funding round values it at $1.25 trillion, less than its $1.4 trillion target.
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Summary by ByteBrief

Sources: OpenAI now seeks ~$20B at a $1.25T valuation for its latest round, from $30B at a $1.4T valuation, as some investors cut commitments amid an AI selloff (Financial Times)

Sources: OpenAI is racing to secure investor commitments before Anthropic's expected IPO in mid-Nov. and aims to raise ~$30B; the round could value it at $1.4T+ (Reuters)

OpenAI Closes $30 Billion UAE Round