OpenAI Raises Less Than Half of $30 Billion Target in Latest Round

A facts-only brief, written by a local AI model from this article in The Wall Street Journal, October 31, 2026. It may contain mistakes, and it is not the article: the full story is at wsj.com.

OpenAI has secured approximately $11 billion in its latest financing round, significantly below the initial $30 billion target, according to individuals familiar with the matter. The deal values the company at $1.25 trillion, a figure lower than the $1.4 trillion valuation it previously sought. Sources indicate that the company now aims to raise up to $20 billion by targeting family offices and high-net-worth individuals in the coming weeks. These fundraising difficulties coincide with a broader tech sector selloff driven by disappointing earnings from major competitors.

Background

• OpenAI is preparing for a potential public listing as early as next year.
• Rival Anthropic reported revenue growth of over 100% to $11.6 billion between the first and second quarters, while OpenAI’s sales increased by roughly 18% to $6.7 billion over the same period.
• Anthropic filed paperwork for its own public listing, which is expected to occur next month.
• The Financial Times previously reported that OpenAI had reduced its funding target.

Read the full article at wsj.com

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