OpenAI Cuts Funding Goal to $20 Billion as Latest Round Secures $11 Billion
Updated
Updated · TechCrunch · Oct 31
OpenAI Cuts Funding Goal to $20 Billion as Latest Round Secures $11 Billion
3 articles · Updated · TechCrunch · Oct 31
Summary
$11 billion has been secured so far in OpenAI’s latest fundraising round, after the company lowered its target from a previously reported $30 billion to $20 billion.
The Financial Times said a UAE-led investor group will anchor the round, while a later retail offering aimed at wealthy individuals could help lift the total toward the $20 billion goal.
The Wall Street Journal reported some large investors gave the raise a tepid response, suggesting demand fell short of earlier expectations tied to a planned IPO.
Wall Street’s growing unease over heavy AI infrastructure spending and a broader tech-stock selloff have weighed on appetite for the deal, pressures that may also challenge Anthropic’s IPO plans.