Skip to content
HomeTechAIBusinessBCCanadaWorldClimateSportCultureWest Coast Tech deskDaily archiveCompany releasesPress roomSearch
Press roomAdvertise with us
Today's EditionGoogle releases Gemini 4 Argon to developers and businesses worldwideLead story →

TechnologyBusinessBritish Columbia

West Coast News

·Vancouver Edition·

In picturesB.C. drought could last into 2027 as communities brace for fall floods
Latest
Court halts Vancouver Aquatic Centre demolition until after civic election TSX gains 319 points as energy and telecom stocks lead Poilievre takes his tariff-free auto pact pitch to Detroit 'I Play Rocky' and 'Ceremony' take VIFF audience awards BC Conservatives take five-point lead as leaders head into only TV debate Google releases Gemini 4 Argon to developers and businesses worldwide
Business · San Francisco

OpenAI's new round is now aimed at $20 billion, the Financial Times reports

Earlier reports this month described $30 billion at valuations of $1.4 trillion and then $1.25 trillion. A first close may be smaller still.

By West Coast News staff ·
The San Francisco Financial District skyline
The Financial District skyline in San Francisco.

OpenAI has lowered the target for its latest funding round to $20 billion, and a first close is expected to be even smaller, the Financial Times reported Friday, TechCrunch wrote Saturday. Earlier this month the San Francisco lab was reported to be raising $30 billion, first at a $1.4 trillion valuation and then at $1.25 trillion, ahead of a planned IPO. The FT said a group of investors from the United Arab Emirates will lead the round. A later offering for wealthy individuals could add to the total.

From ARQS Sponsored

To put numbers behind decisions like these, ARQS provides Design Workbench, TradeHound, Website audit and Flow automation. In the ARQS Store, Wine Cellar Ledger — 1 Month Access, ARQS ContractDiff Desk, Menu Maker — 1 Month Access are among the newest tools available.