02-November-2026
Corporate News
 
OpenAI Slashes Funding Target by $10 Billion Amid Tech Rout, FT Reports
02-Nov-2026

OpenAI has slashed the target for its latest funding round by $10 billion amid a selloff in tech stocks driven by AI worries, the Financial Times reported on Friday, citing people with knowledge of the matter. The ChatGPT maker is now seeking about $20 billion and its desired valuation has dropped to $1.25 trillion from $1.4 billion, the report said.

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