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OpenAI has secured roughly $11 billion in commitments for its latest funding round, less than half of its initial $30 billion target, according to people familiar with the matter. The company received tepid interest from some large investors as market jitters over AI investments dampened investor appetite. The financing values OpenAI at $1.25 trillion, below the $1.4 trillion valuation it had earlier sought. The commitments represent the amount OpenAI has secured so far in the ongoing round.