{
  "id": 17314666,
  "title": "Sources: OpenAI now seeks ~$20B at a $1.25T valuation for its latest round, from $30B at a $1.4T valuation, as some investors cut commitments amid an AI selloff (Financial Times)",
  "url": "https://urgent.news/2026/10/31/sources-openai-now-seeks-20b-at-a-1-25t-valuation-for-its-latest",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-31T01:00:53.000Z",
  "source": {
    "name": "Techmeme",
    "slug": "techmeme",
    "url": "https://www.ft.com/content/7a3ad950-1b3b-4d9e-8c15-65a61ae6180f"
  },
  "original_language": "en",
  "account": null,
  "summary": "OpenAI is seeking approximately $20 billion at a $1.25 trillion valuation for its latest funding round, according to the Financial Times. This follows a previous target of $30 billion at a $1.4 trillion valuation, a shift the Financial Times reports comes as the company tempers its ambitions and some investors reduce commitments during an AI selloff.\n\nIn a separate legal development, the Wikimedia Foundation has filed an amicus brief regarding the ongoing lawsuit filed by The New York Times against OpenAI and Microsoft. The Wikimedia Foundation argues that a ruling favoring a highly restrictive version of fair use could hinder technological innovation and open source projects, while a ruling favoring blanket fair use could result in a more closed web. The Foundation's position suggests that while large language models should be permitted to train on copyrighted materials, those materials should not be used in retrieval-augmented generation.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The A.V. Club",
        "title": "Wikipedia chooses the middle ground in New York Times and OpenAI lawsuit",
        "url": "https://urgent.news/2026/10/30/wikipedia-chooses-the-middle-ground-in-new-york-times-and-openai",
        "published": "2026-10-30T13:40:44.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}