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23 October 2026

OpenAI lowers its valuation target to $1.25 trillion for a $30 billion raise

First reported

Financial Times ran this on , a day before the other 2 sources picked it up.

  • OpenAI, the maker of ChatGPT, is raising up to $30 billion from investors led by UAE backers and Coatue.
  • The company first pitched a $1.4 trillion valuation, which has since been lowered to $1.25 trillion.
  • The raise is meant as a bridge before a possible public stock offering, which OpenAI filed for confidentially in June.

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Earlier on this story

Written by Newskeryx from which newsletters covered this story and from our own archive.

Reported by The Decoder, CNBC, Financial Times