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

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…