OpenAI raises less than half of $30B target
The gist
OpenAI has raised less than half of its $30 billion target for its latest funding round.
The shortfall shows big investors cooling on AI as OpenAI plans an IPO.
How it unfolded
- Mar 2026OpenAI raised $122 billion.
- Oct 22, 2026CNBC reported OpenAI's pre-IPO round targeted up to $30 billion.
- Oct 30, 2026OpenAI set Friday as the deadline for investors to commit; the initial close was expected to bring in less than $20 billion after some investors reduced their allocations.