OpenAI 据报道将新一轮融资目标下调至 200 亿美元
OpenAI reportedly lowers funding target for new round
- 1OpenAI 新一轮融资目标据报道从 300 亿美元降至 200 亿美元，目前仅落实 110 亿美元。
- 2此前 OpenAI 据报计划募资 300 亿美元，估值预期先后为 1.4 万亿和 1.25 万亿美元，为 IPO 铺路。
- 3FT 称本轮由阿联酋投资方领投，后续面向富裕个人的零售发行或可将总额补足至 200 亿美元目标。
- 4WSJ 称部分大型投资人反应冷淡，华尔街对 AI 基础设施重投入的担忧已引发科技股大幅抛售。
这轮融资缩水显示资本市场对 AI 公司的巨额募资开始更挑剔，连行业头部也难以按原估值和原金额募足。
- 影响：华尔街对 AI 基础设施重资本开支转趋谨慎已引发科技股抛售，融资和上市窗口收紧；依赖大额融资支撑算力投入的 AI 公司，募资难度与估值谈判压力上升；Anthropic 的上市计划据报也可能面临挑战。
- 参考：可考虑按本轮目标缩水约三分之一的幅度，重新压力测试自身 AI 投入的资金假设；正在筹备融资的企业值得评估估值与募资预期是否需下调；也可关注 OpenAI 首轮交割金额作为资金面参考。
- 依据：FT 与 WSJ 报道称目标降至 200 亿美元、已募 110 亿美元，均为媒体报道口径，OpenAI 未确认且 TechCrunch 已向其求证；此前 300 亿美元目标与 1.4 万亿、1.25 万亿估值预期亦出自媒体报道。
In Brief
Posted:
9:12 AM PDT · October 31, 2026
OpenAI’s latest funding round isn’t quite living up to expectations, according to multiple news reports.
OpenAI was previously reported to be raising $30 billion at a $1.4 trillion valuation, and then at a $1.25 trillion valuation, ahead of a planned IPO. But The Financial Times reported Friday that the company has subsequently lowered its funding target to $20 billion, with a first close that’s expected to be even lower than that.
The round will be led by a group of investors from the United Arab Emirates, the FT said. A subsequent retail offering for wealthy individuals could bring the total funding amount to the $20 billion target.
A follow-up story in The Wall Street Journal offered more details, namely that the company has secured $11 billion so far, and that its fundraising efforts had met with a “tepid” response from some large investors.
TechCrunch has reached out to OpenAI for comment. The company’s reported funding challenges could be blamed, in part, on bad timing, as Wall Street investors have become wary of heavy AI infrastructure spending, leading to a major sell off of tech stocks. And Anthropic’s planned IPO could be facing challenges, too.
来源：TechCrunch · AI · techcrunch.com