{
  "id": 17693574,
  "title": "OpenAI Cuts Funding Target by $10 Billion as Investor Jitters Shake AI Markets",
  "url": "https://urgent.news/2026/11/01/openai-cuts-funding-target-by-10-billion-as-investor-jitters-shake-ai",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-01T22:45:40.000Z",
  "source": {
    "name": "PYMNTS",
    "slug": "pymnts",
    "url": "https://www.pymnts.com/news/artificial-intelligence/2026/openai-cuts-funding-target-by-10-billion-as-investor-jitters-shake-ai-markets/"
  },
  "original_language": "en",
  "account": null,
  "summary": "OpenAI has reduced its funding round target from $30 billion to $20 billion, according to reporting from The Financial Times. The company is now seeking to raise funds at a valuation of $1.25 trillion, which is lower than the previous $1.4 trillion valuation. The Financial Times reported that the first close for the round is expected to be below the $20 billion target.\n\nThe Wall Street Journal reported that OpenAI has secured $11 billion so far, noting that some large investors have responded in a tepid manner. Dev.to reports that a group of investors from the United Arab Emirates is expected to lead the round, and a later retail offering for wealthy individuals could potentially bring the total to the $20 billion goal. OpenAI has not commented on these figures.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Dev.to",
        "title": "OpenAI cuts its funding target to $20 billion, FT reports",
        "url": "https://urgent.news/2026/11/01/openai-cuts-its-funding-target-to-20-billion-ft-reports",
        "published": "2026-11-01T07:09:56.000Z"
      }
    ]
  },
  "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."
}