[OpenAI financing negotiations enter the final stage, and the valuation target is reportedly lowered to US$1.25 trillion] On October 23, it was reported that people familiar with the matter revealed that OpenAI’s financing negotiations have entered the final stage, and the valuation target has been lowered to US$1.25 trillion. The American AI giant is seeking to raise about $30 billion. People familiar with the matter said that the valuation discussed in OpenAI’s financing negotiations has been reduced by $150 billion from $1.4 trillion. Financing negotiations are ongoing and details could still change. OpenAI’s most recent financing was in March this year, when it raised $122 billion at a post-money valuation of $852 billion. Coatue Management is in talks to co-lead the round, people familiar with the matter said.