Source: press CNBC•October 31, 2026 at 10:31 PM

OpenAI pares fundraising goal, now seeking up to $20 billion in latest round

OpenAI CEO Sam Altman speaking at Oracle AI World in Las Vegas, Nevada, on Oct. 27, 2026. OpenAI is seeking to raise up to $20 billion in a new funding round, CNBC confirmed on Saturday, paring back its earlier target of up to $30 billion.

OpenAI CEO Sam Altman speaking at Oracle AI World in Las Vegas, Nevada, on Oct. 27, 2026.

OpenAI is seeking to raise up to $20 billion in a new funding round, CNBC confirmed on Saturday, paring back its earlier target of up to $30 billion.

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OpenAI pares fundraising goal, now seeking up to $20 billion in latest round

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