# OpenAI reportedly cuts fundraising target to approximately $20 billion

_Published Saturday, October 31, 2026 at 10:18 AM EDT · AI · Latest · Tier 1 — Major_

![OpenAI — Primary](https://financefeeds.com/wp-content/uploads/2026/10/OpenAI-Halves-Prices-With-GPT-6.1-Terra-Before-Earnings-Week.jpg)

OpenAI has reportedly cut its fundraising target from $30 billion to approximately $20 billion as investors reduce allocations, FinanceFeeds reported, citing Financial Times reporting dated October 30. A subsequent Wall Street Journal report put commitments at approximately $11 billion. Those commitments do not represent a confirmed final closing.

The new development concerns the capital sought rather than the $1.25 trillion valuation, which was already under discussion. A UAE investor consortium including MGX is expected to be the largest participant. A proposed arrangement could also give OpenAI an option to lease newly developed computing capacity in the region.

## Sources

- [FinanceFeeds](https://financefeeds.com/openai-offers-wealthy-investors-access-to-1-25-trillion-valuation/)

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Canonical: https://techandbusiness.org/newswire/hzJCtqGufdkQMrtSmKokkf
Published: 2026-10-31T14:18:27.296Z
Story chronology: 2026-10-30T00:00:00.000Z
Retrieved: 2026-10-31T16:35:39.813Z
Publisher: Tech & Business (techandbusiness.org)