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OpenAI seeks up to $20 billion in a funding round still underway

First reported 31 Oct, 19:56 UTCSource: CNBC TechnologyLast editorial activity 31 Oct, 19:56 UTCWrite a comment ↓

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OpenAI is seeking up to $20 billion in its latest funding round, according to CNBC Technology. The figure sits below the company's earlier fundraising goal.

Round still open to change

The round has not closed, and the amount being sought may still be revised. A person directly familiar with the deal told CNBC that the figures could shift before the round is finalised.

CNBC Technology attributes the $20 billion figure to that source, and the material available here does not include a confirmation of the amount from the company.

Company background

OpenAI is an artificial intelligence company headquartered in San Francisco and was founded in 2015.

Open questions

Will the final amount raised match the $20 billion now being sought?
How much lower is the new target than the company's earlier goal?

What Matters Now

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Key facts

The funding round is still in progress and has not closed.
The figures could still change.
CNBC Technology reported the figures, citing a person directly familiar with the deal.

Sources & evidence

CNBC Technology Reporting source
OpenAI pares fundraising goal, now seeking up to $20 billion in latest round ↗
https://www.cnbc.com/2026/10/31/openai-fundraising-20-billion-valuation.html