OpenAI trims valuation target to $1.25tn

https://www.ft.com/content/bb564eb1-79d4-4694-aa24-1155202a9abc?syn-25a6b1a6=1

"There has been zero clamouring,” said one of the people. “All the prior times [OpenAI] have been on there’s been a frenzy. This time is a bit of a thud.”

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