OpenAI Cuts Target Valuation to $1.25T in $30B Round
OpenAI has lowered its target valuation for a roughly $30 billion funding round to $1.25 trillion from $1.4 trillion. Despite the cut, the figure remains about 47% higher than March levels, coinciding with a tech-stock selloff driven by concerns that AI spending is outpacing returns.
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Rohan Paul (@rohanpaul_ai) · 2026-10-23 04
Bloomberg: OpenAI has cut the valuation it is targeting in a roughly 1.25T, down 1.4T.
Even trimmed, the price sits about 47% above March, when a 852B including the new cash.
Coatue Management is in talks to co-lead, and OpenAI has also talked with several United Arab Emirates investment funds and BlackRock.
The cut coincides with a tech-stock selloff driven by investor worries that AI spending has outrun returns, following mixed earnings from Meta Platforms and Tesla.
