OpenAI reportedly lowers funding target for new round
In Brief Posted: 9:12 AM PDT · October 31, 2026 Image Credits:Samuel Boivin/NurPhoto / Getty Images Anthony Ha OpenAI reportedly lowers funding target for new round OpenAI’s latest funding round isn’t quite living up to expectations, according to multiple news reports. OpenAI was previously…
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In Brief Posted: 9:12 AM PDT · October 31, 2026 Image Credits:Samuel Boivin/NurPhoto / Getty Images Anthony Ha OpenAI reportedly lowers funding target for new round OpenAI’s latest funding round isn’t quite living up to expectations, according to multiple news reports. OpenAI was previously reported to be raising $30 billion at a $1.4 trillion valuation, and then at a $1.25 trillion valuation, ahead of a planned IPO. But The Financial Times reported Friday that the company has subsequently lowered its funding target to $20 billion, with a first close that’s expected to be even lower than that. The round will be led by a group of investors from the United Arab Emirates, the FT said. A subsequent retail offering for wealthy individuals could bring the total funding amount to the $20 billion target. A follow-up story in The Wall Street Journal offered more details, namely that the company has secured $11 billion so far, and that its fundraising efforts had met with a “tepid” response from some large investors. TechCrunch has reached out to OpenAI for comment. The company’s reported funding challenges could be blamed, in part, on bad timing, as Wall Street investors have become wary of heavy AI infrastructure spending, leading to a major sell off of tech stocks. And Anthropic’s planned IPO could be facing challenges, too. Topics AI, Fundraising, OpenAI November 4 Boston Buy One Pass, Get a Second FreeCover more ground at TechCrunch’s ultimate founder bootcamp of the year by bringing your co-founder or partner for freeBook before the BOGO deal expires Register Now Newsletters See More Subscribe for the industry’s biggest tech news Related AI AI can make tech CEOs’ lives easier. What about everyone else? Anthony Ha 9 hours ago Crypto Binance resumes withdrawals following $6.3 billion breach Anthony Ha 14 hours ago Government & Policy Judge allows NAACP lawsuit over xAI data center pollution to move forward Anthony Ha 1 day ago Latest in AI In Brief OpenAI might rebrand its data centers as ‘AI compute campuses’ Anthony Ha 8 hours ago AI AI can make tech CEOs’ lives easier. What about everyone else? Anthony Ha 9 hours ago In Brief Apple CEO says the company doesn’t ‘want to ship AI for AI’s sake’ Anthony Ha 1 day ago