Fundraising below expectations
OpenAI has so far raised about $11 billion in its latest funding round, less than half of the $30 billion it had set as its target. The Decoder reports this, citing The Wall Street Journal as the source of the data. The valuation reached stands at $1,250 billion, below the $1,400 billion indicated as the target.
The gap between the amount actually raised and the target is attributed, according to the source’s account, to declining interest on the part of large investors. The context cited is a wave of selling in the technology sector, triggered by weak quarterly results from Google, Amazon and Intel. The central finding is therefore twofold: not only is the amount raised below expectations, but the value attributed to the company also remains below the projected threshold.
The source also reports the next financial move: OpenAI now intends to raise up to 20 billion from family offices and high-net-worth individual investors. This is a different pool from the large institutional investors whose interest, according to the material, is said to have declined. The report does not clarify whether this second phase has already begun or on what timeline.
Listing plans and competition with Anthropic
According to the source, OpenAI is reportedly planning a stock exchange listing at the beginning of next year. The report should be read together with the below-target fundraising: turning to the public market could become an alternative way to obtain capital, but the material does not indicate terms, size or official confirmation of the transaction.
On the competition front, The Decoder notes that rival Anthropic has recently recorded faster revenue growth and could list as early as November. A solid listing, according to the source, could leave Anthropic with more than $100 billion in capital to navigate difficult phases. The comparison between the two paths is therefore direct: on one side, OpenAI, which is raising less than expected and weighing a listing for the beginning of next year; on the other, Anthropic, which according to the material is further ahead on the path to the stock market.
The material adds that OpenAI has recovered part of its market share, but that competition proceeds in alternating phases. The company is reportedly pushing price cuts and more efficient models to defend its position. These are strategic indications reported by the source, not quantitative data verifiable in the text.
What remains to be verified
The key figures in the story — 11 billion raised, 30 billion expected, a valuation of 1,250 billion versus 1,400 — come from The Wall Street Journal via The Decoder and are not confirmed by official statements from the companies cited. Likewise, the timing of the OpenAI and Anthropic listings is presented as reported plans, not as announced transactions. Moreover, the actual extent of the investors’ withdrawal is described as linked to a context of tech selling without the material indicating the scale of the phenomenon.
The picture that emerges is that of a private funding phase more difficult than expected for OpenAI, with the use of individual capital and the possibility of a listing as possible responses. The source offers no details on the terms of the fundraising or on the specific reasons given by investors, limiting itself to linking them to the performance of the technology sector. It therefore remains to be clarified whether the slowdown is cyclical or signals a more lasting change in the availability of capital for the sector.
