OpenAI reportedly cuts latest funding round target to about $20B
10/31/2026 — 10/31, 20:18·2 sources (all)·2 reports (all)
Key takeaways
- OpenAI has reportedly cut its latest funding round target by $10B to about $20B, while keeping its valuation at $1.25T, according to Financi…
Background & analysis
OpenAI has lowered the target for its latest funding round by $10 billion, to about $20 billion, The Next Web reported on October 31, 2026, citing The Financial Times. The decision was made on Friday, October 30, according to people with knowledge of the matter, and it was partly attributed to investors reducing their commitments as AI stocks sold off. The round still values OpenAI at $1.25 trillion.
The Decoder, reporting separately on the same day, framed the round differently: OpenAI raised only about $11 billion, less than half of the $30 billion target it had set, with the $1.25 trillion valuation also falling short of expectations. The two outlets do not agree on the round's target size, with The Decoder citing $30 billion against The Next Web's reported $20 billion.
Both accounts point to the same backdrop of a broader pullback among major investors amid a tech sell-off. The reports also note that rival Anthropic is pushing to go public as early as November, though no completed listing has been announced.
AI-generated from 2 reports · updated 1 hour ago
Latest turnOpenAI has cut the target for its latest funding round by $10bn to about $20bn, according to the Financial Times, which cited people familiar with the matter. Some investors trimmed their commitments as AI stocks sold off, the report said, with the round still valuing OpenAI at $1.25tn.
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Reports on this story headlines open the original
OpenAI has cut the target for its latest funding round by $10bn to about $20bn, according to the Financial Times, which cited people familiar with the matter. Some investors trimmed their commitments as AI stocks sold off, the report said, with the round still valuing OpenAI at $1.25tn.
The Next WebAI score 77OpenAI has raised only about $11 billion in its latest funding round, less than half of the $30 billion it was targeting, according to The Decoder. The $1.25 trillion valuation also fell short of expectations as major investors pulled back amid a recent tech sell-off, while rival Anthropic is pushing to go public as early as November.
The DecoderAI score 66
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