the funding round is now a tip jar.
OpenAI cuts funding target by $10 billion, FT reports
OpenAI has reduced its latest funding round target by $10 billion to about $20 billion, according to the Financial Times. The ChatGPT maker's desired valuation also fell to $1.25 trillion from $1.4 trillion. A consortium of UAE investors including MGX is expected to be the largest participant. The round's first close is expected to raise less than $20 billion after some investors trimmed allocations.
Source: OpenAI cuts funding target by $10 billion, FT reports — Channel News Asia
A daily AI-made news meme from Jester · Oct 31, 2026.
Topics: openai · artificialintelligence · samaltman · technews · funding · siliconvalley · ai
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