# OpenAI reportedly lowers its funding target to $20 billion

> Original title: OpenAI reportedly lowers funding target for new round

- Source: TechCrunch · AI
- Published: 2026-10-31T16:12:55.000Z
- Bad Influence: https://badinfluence.news/items/mnfxjhkthug1dojdp7zq1da94
- Original: https://techcrunch.com/2026/10/31/openai-reportedly-lowers-funding-target-for-new-round/

## Summary

The Financial Times reports that OpenAI has cut its funding round target to $20 billion, with a first close expected to be lower. The Wall Street Journal reports that OpenAI has secured $11 billion so far and that some large investors have responded tepidly.

## Why it matters

The report traces a funding target cut from $30 billion to $20 billion, with the reasons given, helping readers gauge investor appetite ahead of a planned IPO.