Openai Cuts Funding Target to $20B as Investors Pull Back
WHO:
Wall Street Journal - OpenAI, described as the maker of ChatGPT, is raising its latest funding round.
Financial Times - OpenAI is seeking investment in its latest funding round.
IJR - The article attributes its funding and valuation figures to the Financial Times.
WHAT:
Wall Street Journal - Sources said OpenAI had secured about $11 billion in commitments for its latest funding round, less than half of its initial $30 billion target.
Wall Street Journal - The round values OpenAI at $1.25 trillion, below its $1.4 trillion target.
Financial Times - OpenAI reduced its funding target from $30 billion to about $20 billion and its valuation target from $1.4 trillion to $1.25 trillion.
IJR - The Financial Times reported that SoftBank’s stake reportedly shrank by $10 billion as commitments fell due.
TechCrunch - OpenAI’s latest funding round “doesn't seem to be living up to expectations.”
WHY:
Investor's Business Daily - Investors were growing wary of backing artificial intelligence, and rival Anthropic was preparing to go public.
Financial Times - Some investors cut their commitments amid an AI selloff.
HOW:
Investor's Business Daily - Meta Platforms, Alphabet, Microsoft and other technology companies were tapping bond and equity markets to finance their AI needs.
Wall Street Journal - OpenAI expected to raise more money in the coming weeks.
IJR - Commitments reportedly fell due, alongside the reported reduction in SoftBank’s stake.
(UPDATED November 1, 2026 03:57 UTC)
OpenAI has secured about $11 billion for its latest funding round, below its initial target. The round values the ChatGPT maker at $1.25 trillion, down from its target. Investors are pulling back amid an AI selloff, while OpenAI expects more funding soon.
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(UPDATED October 31, 2026 16:58 UTC)
OpenAI has secured about $11 billion in commitments, less than half its initial funding target. The round values the ChatGPT maker at $1.25 trillion, below its original goal. Investors cut commitments amid an AI selloff, while OpenAI expects to raise more soon.