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OpenAI wanted $30 billion. Now it is reportedly asking for about $20 billion. 📉
What was reported (October 30-31, 2026):
• On October 30, the Financial Times reported that OpenAI cut the target for its latest funding round by $10 billion, to about $20 billion. Reuters carried the FT report.
• CNBC confirmed the new target of up to $20 billion on October 31, citing a person familiar with the deal.
• The FT said OpenAI is now seeking a post-money valuation of $1.25 trillion, down from $1.4 trillion.
• The Wall Street Journal reported that OpenAI has secured roughly $11 billion so far, after "tepid" interest from some large investors.
• Investors from the United Arab Emirates are expected to lead the round, and a later offering for wealthy individuals could help it reach the $20 billion target, the FT reported.
• The round is still open, so the figures could change. OpenAI did not immediately respond to requests for comment.
This is news, not investment advice.
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Sources:
TechCrunch: https://techcrunch.com/2026/10/31/openai-reportedly-lowers-funding-target-for-new-round/
CNBC: https://www.cnbc.com/2026/10/31/openai-fundraising-20-billion-valuation.html
Reuters: https://www.reuters.com/business/openai-cuts-funding-target-by-10-billion-ft-reports-2026-10-31/
The Next Web: https://thenextweb.com/news/openai-funding-round-20bn-target-cut-ft
Financial Times: https://www.ft.com/content/7a3ad950-1b3b-4d9e-8c15-65a61ae6180f
The Wall Street Journal: https://www.wsj.com/tech/ai/openai-raises-less-than-half-of-30-billion-target-in-latest-round-91aecdc5
Images: OpenAI logo (Wikimedia Commons); Sam Altman photo by Village Global (CC BY 2.0, Wikimedia Commons). Screenshots of techcrunch.com, cnbc.com, thenextweb.com and the Reuters report as carried by whbl.com.
Voice is AI-generated. The flip-board graphics are motion graphics made from the reported figures.
Keywords: OpenAI, OpenAI funding, OpenAI valuation, Sam Altman, AI funding round, 1.25 trillion, AI investors, UAE, AI bubble, tech news, AI news
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