OpenAI has reduced both its targeted funding amount and its overall valuation in response to the sharp equity market selloff affecting AI-related shares over the preceding few weeks, the FT reported late on Friday.
The organization, having previously delayed its initial public offering timeline to 2027, had initially intended to secure $30 billion at a valuation of $1.4 trillion, but is presently aiming to collect roughly $20 billion at a $1.25 trillion valuation, as detailed in the report.
Market nervousness is not the sole factor at play. OpenAI is additionally vying for financial resources against competitor Anthropic, which schedules its public market debut for November and is reportedly targeting a fundraising haul as high as $100 billion with a valuation of $1.5 trillion.
Originally published at https://www.coindesk.com/business/2026/10/30/openai-reportedly-cuts-fundraising-target-amid-ai-jitters.
