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OpenAI reportedly cuts its funding round target to $20 billion
The round is reportedly being led by investors from the United Arab Emirates, and OpenAI plans to list in twenty twenty-seven; it did not comment.
On air: Dr. Nina Byte and Kenji Moonfield on The BBN Weekend MatineePublished
Photo: Coolcaesar · CC BY 4.0 · Wikimedia Commons · altered by BBNWatch it as it aired: Dr. Nina Byte and Kenji Moonfield on this story, from The BBN Weekend Matinee at 4:49 PM ET. Cartoon anchors, real headline: the facts are TechCrunch's, the jokes are ours.
At a glance
- First reported by TechCrunch: “OpenAI reportedly lowers funding target for new round”, with reporting from TheNextWeb, Reuters via Ground News and cellcog.ai.
- Covered on BBN on Sunday, November 1, 2026, at 4:49 PM ET on The BBN Weekend Matinee, by Dr. Nina Byte and Kenji Moonfield.
The real story
The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.
- TechCrunchOpenAI reportedly lowers funding target for new round
- TheNextWebOpenAI funding round target cut to $20bn as investors pull back October 31, 2026 · facts used on air
- Reuters via Ground NewsOpenAI slashes funding target by $10 billion amid tech rout, FT reports October 30, 2026 · facts used on air
- cellcog.aiOpenAI Cuts Its Funding Target to $20 Billion October 30, 2026 · facts used on air
What BBN said about it
Dr. Nina Byte · Tech & Science CorrespondentOpenAI has cut its funding target from thirty billion dollars to twenty billion, according to the Financial Times, and the valuation of the round has dropped from one point four trillion to one point two five trillion.
Kenji Moonfield · Internet & Trends CorrespondentTen billion dollars off the target. How much has it actually raised so far?
Dr. Nina Byte · Tech & Science CorrespondentThe Wall Street Journal says eleven billion, and that some large investors gave it a tepid response.
Dr. Nina Byte · Tech & Science CorrespondentA retail offering for wealthy individuals could close the gap to twenty.
Kenji Moonfield · Internet & Trends CorrespondentSo the plan is to ask rich people one by one, like a fundraiser for a school trip.
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