OpenAI Targets $1.25 Trillion Valuation in New Funding Round

What happened

A rout in the artificial intelligence trade faded, offering global stock investors some respite in the final session of a volatile week, with further gains in oil prices keeping sentiment cautious. Bloomberg has learned OpenAI, which is seeking to raise around $30 billion in a fresh funding round, is now targeting a valuation of $1.25 trillion during the final stages of negotiations. French authorities are bracing f…

Summary assembled by rule from the sources below

Sources