OpenAI funding round cut to $20 billion at $1.25 trillion valuation as UAE investors pair capital with compute

OpenAI has cut the size of its latest funding round to about $20 billion and marked its own valuation down to roughly $1.25 trillion, according to reporting first carried by the Financial Times and confirmed across Reuters, Forbes and Tech Funding News over the Oct. 31 and Nov. 2 news cycle. The move does two things at once: it resets the most closely watched private valuation in technology, and it sketches the terms on which Anthropic, the same peer cohort's only outright IPO candidate, will eventually price to the public.

Key Takeaways OpenAI's funding target dropped to about $20 billion from $30 billion, and its sought valuation to about $1.25 trillion from $1.4 trillion, per the FT via Re…