OpenAI reduces latest funding round target by $10 billion

OpenAI cut its fundraising target from approximately $30 billion at a $1.4 trillion valuation to about $20 billion at $1.25 trillion amid a broader technology stock sell-off linked to AI spending concerns. The adjustment, reported with a Friday commitment deadline, reflects reduced investor allocations and positions UAE-linked capital including MGX as a major participant alongside traditional venture firms. This recalibration occurs as OpenAI prepares for its own potential public listing while competing with Anthropic's IPO process.