OpenAI valued at $1.25 trillion as funding round falls short of its target

The ChatGPT maker is closing in on a smaller raise at a lower valuation than it pitched, as AI stocks wobble ahead of an expected 2027 IPO OpenAI is nearing the finish line on a private funding round that values the company at approximately $1.25 trillion. That would be a staggering number for almost any business on Earth. It is also less than OpenAI wanted. The company had floated a $1.4 trillion target with investors earlier in October 2026, and the market apparently had other ideas. The valuation is not the only number that shrank. As of October 31, 2026, OpenAI had lined up about $11 billion in commitments. The original goal was $30 billion. That ambition has since been trimmed to a more modest target of around $20 billion.

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