Wall St Engine(@wallstengine):OpenAI has cut its fundraising target to $20B from $30B and lowered its target valuation to $1.25T from $1.4T, per FT Some investors reduced commitments amid the AI selloff The initial close is expected to fall short of $20B, with a later offering potentially filling the gap

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Wall St Engine@wallstengine

2026.10.31 00:14

OpenAI has cut its fundraising target to $20B from $30B and lowered its target valuation to $1.25T from $1.4T, per FT Some investors reduced commitments amid the AI selloff The initial close is expected to fall short of $20B, with a later offering potentially filling the gap