“The round is expected to close in the coming weeks and could total about $20 billion, a source told Bloomberg.”
In September the target was $30 billion at $1.4 trillion. Now it’s $11 billion in hand at $1.25 trillion, and it “could” reach $20 billion. That’s a down round with good PR. Investors are blinking, and OpenAI wants its IPO next year before more of them do.