OpenAI cuts its latest funding round target by $10 billion
OpenAI now aims to raise $20 billion at a $1.25 trillion valuation, down from $30 billion at $1.4 trillion, Reuters reported citing the Financial Times.
- published on Newsmetry
- original source published
the same feed is available to bots and dashboards through the api. connect the api →
what happened
AI startup OpenAI has lowered the goal of its latest fundraising round by $10 billion. The company now plans to raise $20 billion at a valuation of $1.25 trillion. Last month it had said it wanted $30 billion at a $1.4 trillion valuation. The Financial Times reported this on Friday, citing people familiar with the matter. Reuters passed on the information.
why it matters
For markets this signals that expectations for the valuation of one of the leading players in AI have been scaled back. It matters for investors in tech shares and for funds tracking how the round develops.
market impact
AI company shares: a lower expected OpenAI valuation may temper sector optimism
tags
instruments
sources
- OpenAI cuts funding target by $10 billion, FT reports — Reuters, 31 October 2026 at 00:14 UTC
- OpenAI cuts funding target by $10 billion, FT reports — Reuters, 31 October 2026 at 00:33 UTC
- OpenAI cuts funding target by $10 billion, FT reports — Reuters, 31 October 2026 at 01:00 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
alerts on your topics, the morning digest and the api — in your account.
get stories in real time ↗