AI

OpenAI Cuts Its Funding Target by $10 Billion as AI Selloff Bites

📅 Oct 31, 2026

✍️ Aamir Raza

OpenAI Cuts Its Funding Target by $10 Billion

The ChatGPT maker now seeks about $20 billion, down from $30 billion, as a tech selloff cools investor appetite.

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Valuation Drops to $1.25 Trillion

The round now prices OpenAI at $1.25 trillion, down from the $1.4 trillion it pitched to investors last month.

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Only About $11 Billion Committed So Far

The Wall Street Journal reports commitments under half the original goal, with the first close expected below $20 billion.

LexxWire

Why Investors Pulled Back

Falling AI stocks, worries over massive AI spending, and Anthropic's looming IPO are all competing for the same money.

LexxWire

Who Is Still In

A UAE group led by MGX is set to be the biggest backer, alongside Sequoia, Coatue, Founders Fund, Andreessen Horowitz and SoftBank.

LexxWire

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