Nov 1, 2026 · SundayAI · the day's newsOut daily at 08:00 (UTC+8)
AI Daily · Nov 1, 2026 · Sunday
No. 2901November 2026Sunday
November1 issue this month
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OpenAI's new funding round raises just $11bn, under half its target
AI summary
OpenAI's latest funding round has so far raised only about $11bn, less than half of its $300bn target. Its $1.25tn valuation is also below the $1.4tn expected. According to The Wall Street Journal, the shortfall stems from pressure on the tech market caused by weak quarterly results from Google, Amazon and Intel.
Industry
The Decoder
OpenAI raises just $11 billion of its $30 billion target as big investors lose their AI appetite
OpenAI raised only about $11 billion in its latest funding round, less than half of the $30 billion it was targeting. At $1.25 trillion, the valuation falls short of expectations, and major investors appear to be pulling back amid the recent tech sell-off. Meanwhile, rival Anthropic is pushing to go public as early as November.