OpenAI cuts target for new funding round to $20 billion from $30 billion

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OpenAI has lowered the target for its new funding round from $30 billion to $20 billion, according to reporting by the Financial Times and Wall Street Journal. The round values the company at $1.25 trillion, below the roughly $1.4 trillion discussed in September. The Wall Street Journal reports that about $11 billion has been secured so far, and describes some large investors' response as lukewarm. To close the gap, OpenAI is considering a retail-style offering aimed at family offices and wealthy individuals at the same valuation. The round precedes a planned IPO, and analysts read the cut as a sign of cooling investor appetite amid broader tech-sector wariness over heavy AI infrastructure spending.

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