OpenAI's latest funding target is reported at about $20 billion, $10 billion lower
Bloomberg Law's article, timestamped 31 October 2026, 5:09 AM UTC, says OpenAI has cut its fundraising target by $10 billion, as reported by the Financial Times. The visible article says the Financial Times reported that OpenAI is now seeking about $20 billion at a $1.25 trillion valuation, down from $30 billion at a $1.4 trillion valuation last month, citing people with knowledge of the matter. It says some investors have reduced their commitments to the round. In that account, an AI stock selloff and Anthropic's impending public listing are what complicate the effort to secure commitments.
Source: Bloomberg, citing the Financial Times (opens in a new tab), 31 Oct 2026
Bloomberg Law's article, timestamped 31 October 2026, 5:09 AM UTC, says OpenAI has cut its fundraising target by $10 billion, as reported by the Financial Times. The visible article says the Financial Times reported that OpenAI is now seeking about $20 billion at a $1.25 trillion valuation, down from $30 billion at a $1.4 trillion valuation last month, citing people with knowledge of the matter. It says some investors have reduced their commitments to the round. In that account, an AI stock selloff and Anthropic's impending public listing are what complicate the effort to secure commitments.
What it means for business: this is a reported change to a target, not an OpenAI announcement on this page and not a statement that the round has closed. The figures above are the ones Bloomberg attributes to the Financial Times. They are not a new legal duty.