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OpenAI Pares back Fundraising Target, Seeks USD20B Max. in Latest Funding Round
02 Nov 2026 09:29
CNBC confirmed on Saturday that OpenAI is seeking to raise up to USD20 billion in its latest funding round, down from an earlier target of as much as USD30 billion.

A person with direct knowledge of the deal told CNBC that the funding round is still ongoing and has not yet been finalized, meaning the figures could still change. The person requested anonymity because they were not authorized to discuss the details publicly.

OpenAI did not immediately respond to requests for comment.
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