---
title: "OpenAI raises about $11B of targeted $30B at $1.25T valuation"
url: https://www.parallelquant.com/posts/openai-raises-about-11b-of-targeted-30b-at-1-25t-valuation-7e4597
source_name: "The Decoder"
source_url: https://the-decoder.com/openai-raises-just-11-billion-of-its-30-billion-target-as-big-investors-lose-their-ai-appetite/
published: 2026-10-31T09:22:52.000Z
topics: ["business", "llms"]
publisher: "Parallel Quant"
---

# OpenAI raises about $11B of targeted $30B at $1.25T valuation

*2026-10-31 · Source: [The Decoder](https://the-decoder.com/openai-raises-just-11-billion-of-its-30-billion-target-as-big-investors-lose-their-ai-appetite/)*

OpenAI raised roughly $11 billion in its latest round, under half of the $30 billion it sought. The $1.25 trillion valuation also fell short of expectations, with major investors reportedly pulling back amid the recent tech sell-off. Rival Anthropic is reportedly aiming to go public as early as November.

**Why it matters:** Investor appetite for AI is cooling just as capex needs are huge, echoing Google's AI Mode revenue worries and AWS's $77B quarterly capex. Anthropic's S-1 showing record revenue and a first operating profit contrasts sharply, which could shift capital toward the lab with a visible path to profitability.

**Topics:** business, llms

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Read the original: https://the-decoder.com/openai-raises-just-11-billion-of-its-30-billion-target-as-big-investors-lose-their-ai-appetite/
Canonical: https://www.parallelquant.com/posts/openai-raises-about-11b-of-targeted-30b-at-1-25t-valuation-7e4597
Published by Parallel Quant — https://www.parallelquant.com