31-October-2026
Corporate News
 
OpenAI Cuts Funding Target by $10 Billion, FT Reports
31-Oct-2026

AI startup OpenAI has slashed the target for its latest funding round by $10 billion and is now seeking to raise $20 billion at a $1.25 trillion valuation, the Financial Times reported on Friday, citing people with knowledge of the matter.

News Source:- https://money.usnews.com/investing/news/articles/2026-10-30/openai-cuts-funding-target-by-10-billion-ft-reports