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2026-10-31 08:40:26
[OpenAI Lowers Funding Target by $10 Billion, Valuation Drops to $1.25 Trillion] ⑴ OpenAI has lowered its latest funding target by $10 billion, now planning to raise approximately $20 billion at a valuation of $1.25 trillion. ⑵ The company has set a deadline requiring investors to commit their investments by Friday. Sources indicate that some investors have reduced their subscription amounts for this round, and the initial closing is expected to raise less than $20 billion. ⑶ The ChatGPT developer originally planned to raise $30 billion last month, valuing the company at $1.4 trillion, stating that this was the last chance for investors to invest before its IPO next year. ⑷ Sources added that a consortium of investment institutions in the UAE, including the state-owned technology fund MGX, will be the largest investor in this round. As part of the deal, OpenAI will have the option to lease new computing resources in the region. ⑸ Sources indicate that venture capital firms such as Founders Fund, Coatue, Sequoia Capital, and Andreessen Horowitz, as well as SoftBank (founded by Masayoshi Son), also plan to participate in this funding round. ⑹ OpenAI, Sequoia Capital, Founders Fund and SoftBank declined to comment, while MGX and Andreessen Horowitz have not yet responded to requests for comment.
