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OpenAI has lowered its target for the latest funding round from $30 billion to $20 billion, a cut of $10 billion, with its valuation dropping from $1.4 trillion to $1.25 trillion. According to a 36Kr·AI report, as of the Friday commitment deadline, actual investment commitments stood at about $11 billion, less than half of the original target; this round is led by a UAE consortium, with UAE state-owned tech funds such as MGX as core backers, while Founders Fund, Andreessen Horowitz, SoftBank and others are participating, and OpenAI plans to expand fundraising to family offices and high-net-worth individual investors. East Money reported that because some investors lowered their subscription amounts, the actual funds raised at the first closing are expected to be below $20 billion, with MGX expected to become the largest participant, while Founders Fund, Coatue, Sequoia Capital, Andreessen Horowitz and SoftBank also plan to take part.
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OpenAI lowers its latest funding round target by $10 billion
Source:36Kr · AI
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Nov 2
MIT Tech Review
The Download: The arrival of the agentic web, and efforts to make roads safer
MIT Tech Review's The Download notes that AI agents are making Tim Berners-Lee's vision of an "internet navigated by autonomous software agents" a reality; this new era is called the agentic web, and agents can already organize inboxes, buy groceries, and even access bank accounts. More than 1 million people die in traffic accidents worldwide each year, and some cities are advancing road safety by investing in public transit, extending curbs, and using cameras to identify dangerous road sections. This issue also mentions that a $1 trillion tech stock selloff has deepened concerns about an AI bubble, and that OpenAI has lowered its fundraising target by $10 billion.
Nov 1
East Money
NBD Commentary: OpenAI Cuts Valuation and Funding as the U.S. AI Supply-Side Narrative Reaches a Turning Point
OpenAI has lowered the target valuation for its new funding round from $1.4 trillion to $1.25 trillion, and cut the funding size from $30 billion to $20 billion. The commentary argues that the U.S. AI industry's cycle—of raising valuations, securing funding, expanding compute procurement, and then pushing valuations even higher—depends on external financing, and now faces threefold pressure: debt risks at new cloud companies, a secondary-market correction, and a downward revision of Anthropic's IPO valuation. A McKinsey survey shows that nearly 80% of enterprises deploying AI have not achieved an increase in net profit, and 95% of generative AI pilots have brought no direct financial return.
36Kr · AISelected
OpenAI's new funding target cut from $30 billion to $20 billion
According to multiple media reports, OpenAI has cut its new funding target from $30 billion to $20 billion, with its valuation dropping from $1.4 trillion to $1.25 trillion. As of Friday's commitment deadline, actual investment commitments stood at about $11 billion, less than half of the original target. This round is led by a UAE consortium, with UAE state-owned technology funds such as MGX as core investors, and Founders Fund, Andreessen Horowitz, SoftBank and others participating; OpenAI plans to expand fundraising to family offices and high-net-worth individual investors.
Phoenix Technology
OpenAI's funding target shrinks from $30 billion; Anthropic reportedly unlikely to obtain investment-grade rating after IPO
According to The Wall Street Journal, in OpenAI's new funding round, which originally targeted $30 billion, investors were willing to provide only $11 billion, cutting the funding target by one-third; Sam Altman said he will continue reaching out to family offices and high-net-worth individuals in the coming weeks. Blackstone, a major investor in fellow AI company Anthropic, changed its tune and said that Anthropic will likely be unable to obtain an investment-grade rating after going public, which would affect its arrangements to borrow at low cost for its plan to build more than $800 billion in computing infrastructure by 2045. On the day the news emerged, the Nasdaq 100 index closed down 3.5%, bringing its cumulative decline for the entire month of October to about 5.3%.
Sina Tech
OpenAI's funding target shrinks, Anthropic reportedly faces rating setback, Nasdaq falls 3.46% in a single day
According to The Wall Street Journal, OpenAI's new funding round target has been lowered from $30 billion, with investors willing to provide only $11 billion, cutting the funding target by about one-third. Separately, according to the Financial Times, Anthropic's major investor Blackstone changed its tune, saying the company may not obtain an investment-grade rating after going public; on the day of the news, the Nasdaq 100 index closed down 3.5%, and the Nasdaq fell about 5.3% cumulatively over the entire month of October. The article also mentions that Amazon's trailing 12-month free cash flow was -$42.4 billion, and compares this round of adjustment to the internet bubble 26 years ago.
TMTPost · AGI
Edge AI Daily Morning Brief: Meta's credit outlook downgraded, OpenAI lowers fundraising target, Anthropic files…
S&P downgraded the outlook on Meta's AA- long-term issuer rating from stable to negative, making it the first of the four hyperscale cloud providers to be flagged with a warning over AI infrastructure spending; its free cash flow in Q3 2026 was -$2.12 billion, turning negative for the first time since 2012. OpenAI lowered its fundraising target for this round twice within two weeks, from raising $30 billion at a $1.4 trillion valuation to raising about $20 billion at a $1.25 trillion valuation. Anthropic filed IPO prospectus documents with the SEC on October 31, disclosing nearly $900 billion in off-balance-sheet future obligations.
East Money
OpenAI's target valuation lowered to $1.25 trillion, funding target cut to $20 billion
OpenAI has lowered the target valuation for this funding round from $1.4 trillion to $1.25 trillion, a reduction of $150 billion, or about 10.7%; the funding target has also been cut from $30 billion to $20 billion, a reduction of $10 billion. People familiar with the matter said that because some investors reduced their subscription amounts, the actual funds raised in the first closing are expected to be less than $20 billion. MGX, part of a consortium of UAE investment institutions, is expected to become the largest participant, while Founders Fund, Coatue, Sequoia Capital, Andreessen Horowitz and SoftBank also plan to participate.
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TechCrunch AI
OpenAI Reportedly Lowers New Funding Target to $20 Billion
According to the Financial Times, OpenAI has lowered its new funding target from the $30 billion previously reported to $20 billion, with the first closing amount expected to be even lower. The round is led by Emirati investors, and a subsequent retail offering to wealthy individuals could bring the total to the $20 billion target; The Wall Street Journal says the company has so far raised $11 billion, with some large investors responding coolly. The report attributes the chilly reception for the funding partly to poor timing, as Wall Street investors grow cautious about heavy spending on AI infrastructure, triggering a sharp selloff in tech stocks.
Oct 31
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OpenAI's latest funding target shrinks by $10 billion, plans to raise $20 billion at a valuation of about $1.25 trillion
According to the Financial Times, OpenAI has lowered its latest funding round target from $30 billion by about $10 billion and is now seeking to raise about $20 billion at a valuation of about $1.25 trillion. The company previously planned to raise $30 billion at a valuation of $1.4 trillion and positioned the round as the "last chance" for investors to buy in before next year's IPO. People familiar with the matter said that because some investors reduced their subscription amounts, the first closing amount may be less than $20 billion; a consortium led by MGX is expected to be the largest contributor, while Sequoia Capital, Founders Fund, Coatue, Andreessen Horowitz and SoftBank also plan to participate.
The Decoder
OpenAI's latest funding round raised only $11 billion, below its $30 billion target
OpenAI's latest funding round has so far raised only about $11 billion, less than half of its $30 billion target, with a valuation of $1.25 trillion, below its expected $1.4 trillion. According to The Wall Street Journal, the shortfall stems from waning interest among large investors, against the backdrop of a tech stock selloff triggered by weak quarterly results from Google, Amazon and Intel. OpenAI plans to turn to family offices and high-net-worth individuals to raise up to another $20 billion, and is reportedly planning to launch an IPO early next year; rival Anthropic has recently seen faster revenue growth and could go public as early as November.
Rohan Paul
OpenAI's funding round shrinks from $30 billion to about $20 billion, valuation target lowered to $1.25 trillion
According to Bloomberg, OpenAI's current funding round has been reduced from $30 billion to about $20 billion, a 33% decrease, while the valuation target has been lowered from $1.4 trillion to $1.25 trillion, a reduction of only about 11%. According to the Financial Times, investors first objected to the price in late October and then cut the amount they were willing to invest. Even at $1.25 trillion before the new capital comes in, OpenAI's valuation is still about 47% higher than the $852 billion at the time of its $122 billion funding round in March. This pullback coincides with a 3.5% decline in the Nasdaq 100 index, as OpenAI's private fundraising becomes more closely tied to public-market sentiment on AI spending.
East MoneySelected
Anthropic Files IPO Registration Statement, a Full Comparison with OpenAI on Valuation, Revenue and Compute
On October 26, Anthropic publicly filed its IPO registration statement with the SEC, planning to list on Nasdaq under the ticker ANT, with the offering price and fundraising size not yet determined. The prospectus shows second-quarter revenue of $11.555 billion, exceeding OpenAI's roughly $6.7 billion for the same period, and quarterly operating profit of $974 million. The article compares the two companies across four dimensions—valuation, revenue, profitability and compute—and notes that Anthropic's IPO pricing could serve as a reference for valuing OpenAI and other unlisted AI companies.
East Money
OpenAI Cuts Latest Funding Round Target by $10 Billion
According to a report by the UK's Financial Times, OpenAI has cut the target for its latest funding round by $10 billion and now plans to raise about $20 billion at a valuation of $1.25 trillion, down from last month's plan to raise $30 billion. The adjustment comes as tech stocks fell sharply and concerns grew over the scale of AI investment and the pace of returns; that day the Nasdaq Composite fell 2.86% and the Philadelphia Semiconductor Index dropped 7.20%.
Sina Tech
OpenAI lowers fundraising target by $10 billion, valuation drops to $1.25 trillion
OpenAI has lowered its latest funding round target from $30 billion to about $20 billion, and its valuation from $1.4 trillion to $1.25 trillion. A sell-off in AI stocks in public markets, with the Nasdaq 100 falling 3.5% on Friday, plus rival Anthropic's upcoming listing next month, have put pressure on this funding round. A consortium of several UAE investment institutions (including MGX) will be the largest investor, and OpenAI will gain the option to lease newly built computing resources in the region; Founders Fund, Coatue, Sequoia Capital, Andreessen Horowitz and SoftBank also plan to participate.
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