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OpenAI cuts funding target by $10 billion: FT


Synopsis

AI startup OpenAI has slashed the target for its latest funding round by $10 billion and is now seeking to raise $20 billion at a $1.25 trillion valuation, the Financial Times

Image for OpenAI cuts funding target by $10 billion: FTReuters
FILE PHOTO: A person stands next to the logo of ChatGPT, an AI-powered chatbot by OpenAI at Bharat Mandapam, one of the venues for AI Impact Summit, in New Delhi, India, February 17, 2026. REUTERS/Bhawika Chhabra/File Photo
AI startup OpenAI has slashed the target for its latest funding round by $10 billion and is now seeking to raise $20 billion at a $1.25 trillion valuation, the Financial Times reported on Friday, citing people with knowledge of the matter.

The company had said it was aiming to raise $30 billion at a $1.4 trillion valuation last month.

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