Corporate10:33 PM ET

OpenAI slashes funding target by $10 billion, valuation by $150 billion amid tech selloff

By BORSA NewsroomPublished Oct 30, 2026, 10:33 PM EDTUpdated Oct 30, 2026, 10:34 PM EDT

OpenAI cut its funding target to $20 billion at a $1.25 trillion valuation, down from $30 billion at $1.4 trillion. Deadline today. First close expected below $20 billion after some investors reduced commitments. Comes weeks before expected Anthropic IPO.

Sentimentbearish 30

Bearish · 30 of 100

Impact60

medium · sector-wide

Confidence60%

moderate confidence · single wire

Eventdeveloping

v1 · alerted to followers

WHAT WE KNOW

OpenAI cut funding target to $20 billion from $30 billion
Valuation target cut to $1.25 trillion from $1.4 trillion