OpenAI Secures $11 Billion Toward $20 Billion Funding Round

OpenAI has secured $11 billion toward its latest funding round, which now targets $20 billion after an earlier $30 billion plan.

The $20 billion goal is $10 billion below the prior target, a change detailed in an earlier report on the funding cut.

Investors from the United Arab Emirates are expected to lead the round, with an initial close below $20 billion. A later offering to wealthy individuals could bring total proceeds to the $20 billion goal.