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2026-11-07T08:17:36.000Z

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OpenAI $11B below target

OpenAI $11B below target

OpenAI raised $11 billion in the initial closing of a funding round, with SoftBank and MGX participating. Estimates put the company’s valuation at around $1.25 trillion, below its initial target of $1.5 trillion. The funds raised so far make up part of a $30 billion fundraising goal, amid waning investor appetite for AI companies. In March, the company announced a round with $122 billion in capital commitments, at a post-money valuation of $852 billion.

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