OpenAI shrinks fundraising goal: now up to $20B instead of $30B

OpenAI is scaling back its ambitions for its next big cash haul. The AI company has reportedly cut its latest fundraising target to up to $20 billion, according to a DealBook report.

That's a step down from the up-to-$30 billion round OpenAI initially chased. The revised number suggests investor commitments may be landing softer than the company hoped, though talks are still moving.

SoftBank is among the names in the room. The Japanese giant has already poured significant money into OpenAI before, and discussions with SoftBank and other backers are ongoing. No final agreements have been reached, so the whole thing could still shift.

Everyone's now waiting on the finish line. Market observers will watch for any announcement on whether the round closes or collapses, and any leadership shakeup or restructuring inside OpenAI could move perceptions too. A public word from SoftBank or other investors on how deep they're willing to go would go a long way toward clarifying OpenAI's financial picture.