OpenAI reportedly lowers funding target for new round

In Brief

9:12 AM PDT · October 31, 2026

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 Journaloffered more details, namely that the company has secured $11 billion so far, and that its fundraising efforts had met with a “tepid” response...

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