{
  "id": 17328151,
  "title": "Sources: OpenAI has secured ~$11B in commitments for its latest funding round, less than half its initial $30B target, and expects to raise more in coming weeks (Berber Jin/Wall Street Journal)",
  "url": "https://urgent.news/2026/10/31/sources-openai-has-secured-11b-in-commitments-for-its-latest-funding",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-31T02:30:02.000Z",
  "source": {
    "name": "Techmeme",
    "slug": "techmeme",
    "url": "https://www.wsj.com/tech/ai/openai-raises-less-than-half-of-30-billion-target-in-latest-round-91aecdc5?st=pgo9cE&reflink=desktopwebshare_permalink"
  },
  "original_language": "en",
  "account": null,
  "summary": "OpenAI has secured approximately $11 billion in commitments for its latest funding round, which is less than half of its initial $30 billion target, according to the Wall Street Journal. The company expects to raise more funds in the coming weeks. This latest round values the ChatGPT developer at $1.25 trillion, a figure below its original $1.4 trillion target.\n\nInvesting.com reports that OpenAI reduced its fundraising target by $10 billion to a revised goal of $20 billion, a move the outlet attributes to investor concerns regarding artificial intelligence spending. The $1.25 trillion valuation represents a $150 billion reduction from the company's previous target. Some investors have reportedly reduced their planned allocations during the process.\n\nThe fundraising effort follows a period of competition for capital from overlapping institutional investors as OpenAI seeks to complete its financing ahead of an anticipated mid-November public market debut by rival Anthropic.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 7,
    "also_reported_by": [
      {
        "outlet": "Financial Times",
        "title": "OpenAI slashes funding target by $10bn as tech anxieties mount",
        "url": "https://urgent.news/2026/10/31/openai-slashes-funding-target-by-10bn-as-tech-anxieties-mount",
        "published": "2026-10-31T00:05:08.000Z"
      },
      {
        "outlet": "CNA - Business",
        "title": "OpenAI cuts funding target by $10 billion, FT reports",
        "url": "https://urgent.news/2026/10/31/openai-cuts-funding-target-by-10-billion-ft-reports-17314747",
        "published": "2026-10-31T00:17:17.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "OpenAI cuts funding target by $10 billion, FT reports",
        "url": "https://urgent.news/2026/10/31/openai-cuts-funding-target-by-10-billion-ft-reports",
        "published": "2026-10-31T00:18:27.000Z"
      },
      {
        "outlet": "Economic Times Tech",
        "title": "OpenAI cuts funding target by $10 billion: FT",
        "url": "https://urgent.news/2026/10/31/openai-cuts-funding-target-by-10-billion-ft",
        "published": "2026-10-31T02:35:12.000Z"
      },
      {
        "outlet": "Tech in Asia",
        "title": "OpenAI cuts fundraising target to $20b as valuation falls",
        "url": "https://urgent.news/2026/10/31/openai-cuts-fundraising-target-to-20b-as-valuation-falls",
        "published": "2026-10-31T04:42:16.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "OpenAI slashes funding target by $10 billion amid tech rout, reports",
        "url": "https://urgent.news/2026/10/31/openai-slashes-funding-target-by-10-billion-amid-tech-rout-reports",
        "published": "2026-10-31T05:15:05.000Z"
      }
    ]
  },
  "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."
}