OpenAI pares fundraising goal, now seeking up to $20 billion in latest round

OpenAI has scaled back its fundraising target for its latest funding round, now seeking up to $20 billion, according to a person directly familiar with the deal who spoke to CNBC. The round remains in progress and has not yet closed, meaning the figures could still change before finalization. The revised target marks a notable reduction from earlier expectations, underscoring the intense capital demands of the AI sector even as investors weigh valuation and market conditions. The fundraising is being closely watched as a barometer of investor appetite for AI companies and could influence terms for other startups seeking large rounds. Watch for the final round size, valuation, and investor composition once the deal closes.