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 a tepid response from large investors wary of heavy AI infrastructure spending.
OpenAI’s latest funding round doesn't seem to be living up to expectations.
# OpenAI reportedly lowers funding target for new round | TechCrunch
Source: [https://techcrunch.com/2026/10/31/openai-reportedly-lowers-funding-target-for-new-round/](https://techcrunch.com/2026/10/31/openai-reportedly-lowers-funding-target-for-new-round/)
In Brief
Posted:
9:12 AM PDT · October 31, 2026
**Image Credits:**Samuel Boivin/NurPhoto / Getty ImagesOpenAI’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](https://techcrunch.com/2026/09/29/openai-reportedly-in-talks-to-raise-30b-round-at-1-4t-valuation/), and then[at a $1\.25 trillion valuation](https://techcrunch.com/2026/10/22/openai-working-on-new-30b-raise-at-1-25t-valuation-ahead-of-ipo/), ahead of a planned IPO\. But[The Financial Times reported Friday](https://www.ft.com/content/7a3ad950-1b3b-4d9e-8c15-65a61ae6180f?syn-25a6b1a6=1)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](https://www.wsj.com/tech/ai/openai-raises-less-than-half-of-30-billion-target-in-latest-round-91aecdc5?st=pgo9cE&reflink=desktopwebshare_permalink)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](https://techcrunch.com/2026/10/30/cracks-are-emerging-in-the-ai-spending-boom/), leading to a major sell off of tech stocks\. And Anthropic’s planned IPO could be[facing challenges](https://techcrunch.com/2026/10/30/anthropic-expected-to-receive-high-junk-rating-from-credit-agencies-following-ipo-report-says/), too\.
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