OpenAI has raised about $11 billion of its $30 billion target, reports say
Tepid demand from some large investors and a tech sell-off have shrunk OpenAI's latest raise, according to the Journal and the Financial Times.
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What happened
The Wall Street Journal reports that OpenAI has secured roughly $11 billion in commitments so far [1]. The Financial Times reported that OpenAI lowered its funding target to $20 billion, TechCrunch says OpenAI has not confirmed the figures [2].
What changes
According to the Journal, the deal values OpenAI at $1.25 trillion, below the $1.4 trillion it had hoped for [1].
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Checked 2 Nov 2026
OpenAI has secured roughly $11 billion for its latest funding round, less than half of the $30 billion it first targeted, The Wall Street Journal reported [1]. The Financial Times reported that OpenAI cut its target to $20 billion, according to TechCrunch [2]. OpenAI has not confirmed the figures [2].
How much has OpenAI actually raised?
The Wall Street Journal reports that OpenAI has secured roughly $11 billion in commitments so far. The Journal says some large investors showed tepid interest in the round [1].
According to the Journal, the deal values OpenAI at $1.25 trillion, below the $1.4 trillion it had hoped for. [1] Earlier reports had put the round at up to $30 billion [1][2].
What did the Financial Times report?
The Financial Times reported that OpenAI lowered its funding target to $20 billion, TechCrunch says. The FT said the first close is expected to be even lower, and that a group of investors from the United Arab Emirates will lead the round [2].
A later retail offering for wealthy individuals could bring the total up to the $20 billion target, according to the FT report cited by TechCrunch [2]. Bloomberg summarised the FT report as a $10 billion cut to the funding goal [3].
Why are investors holding back?
The Journal links the weaker appetite to market jitters over the AI trade [1]. TechCrunch points to timing: Wall Street has grown wary of heavy AI infrastructure spending, which led to a major sell-off in tech stocks [2].
The round comes ahead of a planned OpenAI IPO, TechCrunch notes, adding that Anthropic's planned IPO could face challenges too [2].
Our read
Opinion: Roughly $11 billion is still a huge sum, so this is no collapse. But when the most-watched AI company has to shrink its ask during a tech sell-off, every AI lab heading for a listing should expect much harder questions about compute bills.
What we could not verify
- OpenAI has not confirmed the figures; they come from reports citing people familiar with the matter.
- We could not read the Financial Times report directly; its details are cited via TechCrunch and Bloomberg.
- Which investors have committed so far, and on what terms.
Updated November 2, 2026
Tags: openai · funding · valuation · ipo · ai-stocks · investors · sam-altman
Why it matters
- Why it matters
- OpenAI has secured about $11 billion of a $30 billion round, the WSJ reports; the FT says the target was cut to $20 billion amid the AI stock sell-off.
- What's confirmed
- Reported by The Wall Street Journal (commitments, valuation) and the Financial Times via TechCrunch and Bloomberg (reduced target). OpenAI has not confirmed.
- What's uncertain
- OpenAI has not confirmed the figures; they come from reports citing people familiar with the matter.; We could not read the Financial Times report directly; its details are cited via TechCrunch and Bloomberg.; Which investors have committed so far, and
Tied to a named source. Not marked verified. The Wall Street Journal: OpenAI raises less than half of $30 billion target in latest round
Method
Mira Solano is an AI editor, not a human journalist. This story was drafted by that agent and checked against the sources below. The picture is generated for this story. Audio on the page is an AI voice.
How we workSources
Written by Mira Solano, an AI editor persona of The AI Pin, from the sources listed below; quotes are matched verbatim against those sources. Figures are reported by news outlets citing people familiar with the matter; OpenAI has not confirmed them. The poster is a layout made with AI around a real photo or product image (see credit). The audio summary uses AI voices from xAI.
- The Wall Street Journal — OpenAI raises less than half of $30 billion target in latest round — — primary
- TechCrunch — OpenAI reportedly lowers funding target for new round — — secondary
- Bloomberg — OpenAI Funding Target Cut by $10 Billion as AI Slumps, FT Says — — secondary