Market2026-10-31

OpenAI cut its fundraising target to up to $20 billion. The earlier goal was about $30 billion. The Financial Times reported a $1.25 trillion post-money valuation. The round remains open and terms may still change. UAE investors and Coatue are leading the round. OpenAI set a Friday deadline for investor commitments. Some investors reduced their allocations. The move follows a tech selloff and scrutiny of AI spending.

What changed

OpenAI initially sought up to $30 billion in this round.

What it unlocks

Investors can commit to a funding round at a $1.25 trillion valuation.

  • up to $20 billion target
  • $1.25 trillion post-money valuation
  • $30 billion earlier target
  • $10 billion reduction

What you need to act on it

  • round still open
  • final terms subject to change

Sources

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