Business and economy·November 5, 2026, 11:20

OpenAI has raised far less money than hoped in new round

AI-generated from the sources listed, with automated source checks.

OpenAI has reportedly secured only about $11 billion in commitments against a target of $30 billion, and the target has since been lowered to as much as $20 billion. The round is still open.

OpenAI, the company behind ChatGPT, is struggling to raise the money it was looking for. According to the Wall Street Journal on Oct. 30, the company had secured about $11 billion in commitments in its new funding round. That is less than half of the original target of $30 billion.

The information comes from news sites that repeat the reports of the major outlets.

Target and valuation lowered

The Financial Times has reportedly reported, according to a secondhand account, that OpenAI has lowered its target to as much as $20 billion. That would come at a valuation of $1.25 trillion. The valuation is an estimate of what the entire company is worth.

At the start of October, OpenAI asked investors for a valuation of $1.4 trillion, according to AI Weekly. The valuation has thus been cut by $150 billion in about six weeks.

The sources disagree on how to interpret the $1.25 trillion. CNBC describes it as the value before the new money, while the account of the Financial Times describes it as the value after the money.

Who is in?

CNBC reported on Oct. 22 that the round was being led by investors from the United Arab Emirates and the investment firm Coatue. According to CNBC, OpenAI would become the most highly valued private company in history at that valuation, surpassing ByteDance.

OpenAI is now also seeking commitments from family offices and private fortunes. These are investment firms for wealthy families and individuals. The round is still open, and the terms may change.

OpenAI is also negotiating a separate commercial contract for computing capacity from the United Arab Emirates, alongside the capital investment itself. OpenAI expects to spend $600 billion on computing power through 2030.

Unrest in the market

The cut came after AI-related stocks fell sharply on a Friday, according to HedgeCo.Net. Several large tech companies reported capital spending or forecasts below analysts' expectations. That has raised doubts about how much will come of the enormous spending on AI infrastructure.

The reports also mention rival Anthropic. According to reports, investors from the company's investor day are discussing a market value of $1.5 trillion in an IPO, down from about $2 trillion earlier. The listing is expected in the week beginning Nov. 16. Anthropic has not confirmed the figures itself, which have changed several times.

For ordinary readers, the takeaway is that even the largest AI companies now face more cautious investors.