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AI NewsOpenAI reportedly lowers funding target for new round
OpenAI reportedly lowers funding target for new round
12:07 AM IST · November 1, 2026

OpenAI’s latest funding round isn’t quite living up to expectations, according to multiple news reports. OpenAI was previously reported to beraising $30 billion at a $1.4 trillion valuation, and thenat a $1.25 trillion valuation, ahead of a planned IPO. ButThe Financial Times reported Fridaythat 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. Afollow-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 from some large investors. TechCrunch has reached out to OpenAI for comment. The company’s reported funding challenges could be blamed, in part, on bad timing, asWall Street investors have become wary of heavy AI infrastructure spending, leading to a major sell off of tech stocks. And Anthropic’s planned IPO could befacing challenges, too.
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