OpenAI reduced its valuation target for its $30 billion funding round to $1.25 trillion after encountering investor pushback

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