AI News Today: OpenAI Eyes $30B at a $1.25 Trillion Valuation

OpenAI is raising up to $30 billion at a valuation $150 billion below what it pitched investors only weeks ago. DX Today AI Daily Brief - Friday, October 23, 2026 OpenAI nears a funding round of up to $30 billion at a $1.25 trillion valuation led by UAE investors and Coatue, while China's DeepSeek raises about $15 billion ahead of a potential Shanghai listing. Barclays ties about 5,000 job cuts to AI as it reports third quarter results, Goldman Sachs warns AI could displace one in eleven US...