OpenAI has cut the target for its next funding round to 20 billion USD, down from the 30 billion USD previously reported, after talks pointed to a 1.4 trillion USD and then a 1.25 trillion USD valuation ahead of a planned IPO. The Financial Times says UAE investors lead the round, with 11 billion USD secured so far and a tepid response from some large investors. https://techcrunch.com/2026/10/31/openai-reportedly-lowers-funding-target-for-new-round/ #AI #GenAI #AIenterprise
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