---
title: "TechCrunch — OpenAI reportedly lowers funding target for new round"
url: https://stacklist.com/card/031d5bed-899a-4a92-bdd2-443002f9edcb
source_url: "https://techcrunch.com/2026/10/31/openai-reportedly-lowers-funding-target-for-new-round/"
stack: https://stacklist.com/c/finance/stack/af94eecb-fc01-43a7-8b78-f12bfa15d76b
summary: "OpenAI has reportedly lowered its funding target for its latest round from $30 billion to $20 billion, with only $11 billion secured so far amid tepid investor response. The company's fundraising challenges are attributed to market wariness about AI infrastructure spending and a broader tech stock selloff."
tags: "openai, fundraising, venture-capital, valuation, ipo, ai-infrastructure"
key_entities: "OpenAI (organization), TechCrunch (organization), The Financial Times (organization), The Wall Street Journal (organization), Anthropic (organization), Anthony Ha (person), United Arab Emirates (location), IPO (concept), AI infrastructure spending (concept)"
classification: "news"
content_hash: "sha256:6085056178710747155a97a4efb9c3b8ec0ea51bbc92846723779437020e5e39"
acp_version: "0.2"
token_counts_approximate: 710
visibility: public
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status: "final"
---

# TechCrunch — OpenAI reportedly lowers funding target for new round

In Brief Posted: 9:12 AM PDT · October 31, 2026 Image Credits: Samuel Boivin/NurPhoto / Getty Images Anthony Ha OpenAI reportedly lowers funding target for new round OpenAI’s latest funding round isn’t quite living up to expectations, according to multiple news reports. OpenAI was previously reported to be raising $30 billion at a $1.4 trillion valuation , and then at a $1.25 trillion valuation , ahead of a planned IPO. But The Financial Times reported Friday that the company has subsequently lowered its funding target to $20 billion, with a first close that’s expected to be even lower than that. The round will be led by a group of investors from the United Arab Emirates, the FT said. A subsequent retail offering for wealthy individuals could bring the total funding amount to the $20 billion target. A follow-up story in The Wall Street Journal offered more details, namely that the company has secured $11 billion so far, and that its fundraising efforts had met with a “tepid” response from some large investors. TechCrunch has reached out to OpenAI for comment. The company’s reported funding challenges could be blamed, in part, on bad timing, as Wall Street investors have become wary of heavy AI infrastructure spending , leading to a major sell off of tech stocks. And Anthropic’s planned IPO could be facing challenges , too. Topics AI , Fundraising , OpenAI November 4 Boston Buy One Pass, Get a Second Free Cover more ground at TechCrunch’s ultimate founder bootcamp of the year by bringing your co-founder or partner for free Book before the BOGO deal expires Register Now Newsletters See More Subscribe for the industry’s biggest tech news TechCrunch Daily News Every weekday and Sunday, you can get the best of TechCrunch’s coverage. TechCrunch Mobility TechCrunch Mobility is your destination for transportation news and insight. Startups Weekly Startups are the core of TechCrunch, so get our best coverage delivered weekly. StrictlyVC Provides movers and shakers with the info they need to start their day. No newsletters selected. Subscribe By submitting your email, you agree to our Terms and Privacy Notice . Related AI AI can make tech CEOs’ lives easier. What about everyone else? Anthony Ha 19 hours ago Crypto Binance resumes withdrawals following $6.3 billion breach Anthony Ha 23 hours ago Government & Policy Judge allows NAACP lawsuit over xAI data center pollution to move forward Anthony Ha 2 days ago Latest in AI AI Omen AI adds liquid know-how in $16 million Aquatic Labs acquisition Tim Fernholz 30 minutes ago TechCrunch Founder Summit 2026 2 days till TechCrunch Founder Summit: Boston founders don’t need a Silicon Valley address to build something big TechCrunch Events 2 hours ago In Brief OpenAI is finally merging ChatGPT’s chat and Work tabs Ivan Mehta 2 hours ago