OpenAI reportedly lowers funding target for new round

TechCrunchby Anthony HaOct 31, 9:12 AM PT

From TechCrunch: OpenAI’s latest funding round doesn't seem to be living up to expectations.

Read the original at techcrunch.com ↗

Source: TechCrunch (techcrunch.com)
Published: Oct 31, 9:12 AM PT
First seen here: Nov 1, 7:11 PM PT
Edition: Sunday, November 1, 2026, ranked 12
Status: A publication reported this; the company may not have confirmed it.
Why it’s here: OpenAI's round is the bellwether for the whole AI funding market.
Topics: Openai, AI, Venture capital

Funding

OpenAI raises $11B at a $1.25T valuation (opens 247wallst.com)

The report says OpenAI raised $11 billion at a $1.25 trillion valuation, below the $1.4 trillion it had sought.

247wallst.com6:49 AM PTNov 8, 2026 Details

Funding

Sources: OpenAI has secured ~$11B in commitments for its latest funding round, less than half its initial $30B target (opens wsj.com)

The WSJ reports about $11B committed so far at a $1.25T valuation, below the $30B and $1.4T first targeted; the FT says OpenAI now seeks about $20B as some investors cut commitments amid an AI selloff.

The Wall Street Journal7:30 PM PTOct 30, 2026 Details

Funding

OpenAI cuts its valuation target to $1.25tn as it nears a $30bn round (opens thenextweb.com)

OpenAI lowered the valuation it seeks for its new round to $1.25tn from $1.4tn after some investors pushed back, the Financial Times reported.

The Next Web3:17 AM PTOct 25, 2026 Details

Funding

Mercor raises $750M at $20B valuation to take AI agent evaluation to enterprises (opens siliconangle.com)

Mercor supplies human experts to train and evaluate AI models, drawing on a network of more than 5 million domain experts.

SiliconANGLE2:45 PM PTNov 10, 2026 Details

News

Anthropic sets IPO price range of $70 to $78 per share to reach an implied valuation of $1.404 trillion (opens techcrunch.com)

The range of $70 to $78 per share implies up to $1.404T fully diluted; SiliconANGLE puts the fundraising goal at $64B.

TechCrunch6:01 AM PTNov 10, 2026 Details

Funding

Coframe, which uses AI to make websites that test and personalize themselves for each visitor, raised a $25M Series A, bringing its total funding to $35M (opens businessinsider.com)

Vinod Khosla is doubling down on the bet that one-size-fits-all websites are numbered.

Business Insider2:45 PM PTNov 10, 2026 Details

OpenAI reportedly lowers funding target for new round · Keeping Up with Silicon Valley

OpenAI reportedly lowers funding target for new round

Related stories

OpenAI raises $11B at a $1.25T valuation (opens 247wallst.com)

Sources: OpenAI has secured ~$11B in commitments for its latest funding round, less than half its initial $30B target (opens wsj.com)

OpenAI cuts its valuation target to $1.25tn as it nears a $30bn round (opens thenextweb.com)

Mercor raises $750M at $20B valuation to take AI agent evaluation to enterprises (opens siliconangle.com)

Anthropic sets IPO price range of $70 to $78 per share to reach an implied valuation of $1.404 trillion (opens techcrunch.com)

Coframe, which uses AI to make websites that test and personalize themselves for each visitor, raised a $25M Series A, bringing its total funding to $35M (opens businessinsider.com)