31 October 2026
OpenAI cuts its new funding target to $20 billion after weak investor interest
First reported
Financial Times and TechCrunch ran this on , all on the same day.
- OpenAI, the maker of ChatGPT, has reportedly lowered its funding goal from $30 billion to $20 billion.
- The Wall Street Journal reports it has secured $11 billion so far, with some large investors giving a tepid response.
- Investors wary of heavy AI infrastructure spending and a tech stock sell-off may be part of the reason.
Our read
Earlier on this story
Written by Newskeryx from which newsletters covered this story and from our own archive.
Reported by TechCrunch, Financial Times