Big Technology Podcast · Friday, October 23, 2026
OpenAI reduced its valuation target to $1.25 trillion for its latest funding round after facing investor resistance and weaker-than-expected client demand. Morgan Stanley-led processes reported a lack of the usual frenzy, with investors showing signs of fatigue from heavy prior funding rounds.
“OpenAI has cut its valuation target for its latest funding round after facing resistance to a 1.4 trillion price tag from some investors. It's going to be 1.25 trillion now.”
“All the prior times OpenAI have been on, there's been a frenzy. This time it's a bit of a thud.”