OpenAI falls $19B short on fundraising goal amid investor pullback

openai raised $11 billion in its latest funding round, falling short of its $30 billion target. the company's valuation landed at $1.25 trillion, lower than the $1.4 trillion it was aiming for. the shortfall is attributed to decreased interest from major investors due to a tech sell-off triggered by weak quarterly results from google, amazon, and intel. openai plans to raise up to $20 billion from family offices and high-net-worth individuals and is reportedly planning an ipo early next year.