Morgan Stanley and Dragoneer initially pitched OpenAI to private wealth clients at a $1.4 trillion pre-money valuation

From the articleOpenAI trims valuation target to $1.25tn after pitching higher priceAlso in Report: OpenAI closing on $30B ‘bridge’ funding round to tide it over before IPO, OpenAI lowers valuation target, raises up to $30 billion, OpenAI working on new $30B raise at $1.25T valuation ahead of IPO, OpenAI Shifts Value to $1.25 Trillion as Funding Talks Finalize