OpenAI Raises Less Than Half of Its $30 Billion Funding Target
According to WSJ, OpenAI has secured about $11 billion of its planned $30 billion as investor appetite weakens amid a tech stock selloff.
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what happened
OpenAI has raised less than half of the $30 billion it first targeted in its latest funding round, the Wall Street Journal reported, citing people familiar with the matter. So far the company has secured roughly $11 billion in commitments.
The deal values OpenAI at $1.25 trillion, below the $1.4 trillion it had hoped for. The setbacks came during a sharp tech selloff triggered by weak earnings from Google, Amazon and Intel. OpenAI plans to pursue more money in the coming weeks, targeting family offices and high-net-worth individuals, and may now seek up to $20 billion. The company is preparing an IPO as soon as early next year.
why it matters
Investors have grown more cautious about funding the AI boom and are choosier about which companies they back and on what terms. Weak demand for one of the largest AI names may signal a shift in sentiment for tech stocks and could affect expectations for upcoming listings, including Anthropic's public offering.
market impact
US tech stocks and AI shares: investor caution on AI funding weighs on sentiment
- US tech stocks pressure down — investors are becoming more cautious about funding AI companies and screening them more strictly
tags
instruments
sources
- OpenAI Raises Less Than Half of $30 Billion Target in Latest Round — WSJ, 31 October 2026 at 01:55 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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