OpenAI cuts its valuation target to $1.25tn as it nears a $30bn round

What happened

OpenAI has lowered the valuation (what investors price the whole company at) it is seeking for its new funding round to $1.25tn, from the $1.4tn it pitched earlier this month. Some investors had pushed back on the higher price, the Financial Times reported, citing documents it had seen. OpenAI is an artificial intelligence company based in San Francisco.

October 25, 2026 - 10:17 am OpenAI has lowered the valuation it is seeking for its new funding round to $1.25tn, from the $1.4tn it pitched earlier this month. It last raised $122bn in March, at an $852bn valuation including the money.

Investors and funding OpenAI cuts its valuation target to $1.25tn as it nears a $30bn round Investors from the UAE and Coatue lead an OpenAI funding round pitched as an “opportunistic” bridge to a stock market listing. The company wants signatures by the end of next week.

The company is close to raising up to $30bn at that valuation, which does not include the new money, CNBC first reported on Thursday. Investors from the United Arab Emirates are leading the round with Coatue, people familiar with the deal told CNBC.

TNW has not independently verified the figures. The cut is $150bn, according to Bloomberg .

A deadline of next week OpenAI told investors on Thursday that it wants signatures by the end of next week, CNBC reported. The final size of the round is still being set.