OpenAI cuts its valuation target to $1.25tn as it nears a $30bn round
THE SO WHAT
A $30 billion raise at a $1.25 trillion mark still prices in enormous future cash flows—investor pushback on $1.4 trillion is a reminder that even AI leaders are now negotiating, not dictating, terms. For operators, expect continued pressure to show real unit economics on AI products, not just usage graphs.
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