Tech Brew Ride Home · Monday, November 2, 2026
OpenAI is seeking fresh funds of around $20 billion at a $1.25 trillion valuation, down from an initial target of $30 billion at a $1.4 trillion valuation, as investors trim commitments following a recent AI market sell-off.
“OpenAI set a deadline for investors to commit to the funding round by Friday. That first close is expected to bring in less than $20 billion after some of its investors lowered their allocations to the round, according to The People.”