Concerns over debt-financed artificial intelligence infrastructure spending and a sell-off in U.S. technology stocks contributed to investor resistance against OpenAI's $1.4 trillion valuation pitch

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DeepSeek, Tencent Holdings Ltd., and Contemporary Amperex Technology Co. Ltd. declined or did not respond to requests for comment regarding DeepSeek's $15 billion second funding round

Anthropic raised $65 billion at a $965 billion valuation in May 2026

Hangzhou-based artificial intelligence firm DeepSeek raised approximately 100 billion yuan ($15 billion) in its second private funding round after a $7 billion round in June, nearly doubling its initial target from 50 billion yuan to 80 billion yuan

U.S. venture capital firm Coatue Management and United Arab Emirates investment funds are negotiating to lead OpenAI's proposed $30 billion funding round

Battery maker Contemporary Amperex Technology Co. Ltd. (CATL) and WeChat parent company Tencent Holdings Ltd. participated as major investors in DeepSeek's $15 billion funding round

OpenAI gave prospective investors an October 30, 2026 deadline to commit capital to its $30 billion funding round

Morgan Stanley and Dragoneer initially pitched OpenAI to private wealth clients at a $1.4 trillion pre-money valuation

OpenAI reduced its valuation target for its $30 billion funding round to $1.25 trillion after encountering investor pushback

OpenAI Group PBC is negotiating a bridge funding round to raise up to $30 billion in private capital

OpenAI previously raised $122 billion from investors including Amazon, SoftBank, and Nvidia in March 2026 at an $852 billion post-money valuation

OpenAI is negotiating a commercial deal with United Arab Emirates investors to secure additional Middle East computing capacity

OpenAI is positioning its $30 billion raise as a bridge round to fund operations while finalizing plans for an initial public offering

Chinese artificial intelligence startup Manus AI raised over $500 million in early October 2026

OpenAI raised $40 billion in a funding round in March 2025

Chinese artificial intelligence developer Moonshot AI raised $2 billion at a $20 billion valuation in May 2026

A valuation of $1.25 trillion would represent a jump of nearly 50 percent from OpenAI's previous valuation of $852 billion set in its March 2026 funding round

A proposed United Arab Emirates deal grants OpenAI right of first refusal on new computing power developed by regional partners

Thermal imaging and allegations indicate xAI operated more than 30 unpermitted gas turbines to power its Colossus supercomputer data center operations in Memphis, Tennessee, and Southaven, Mississippi.

Elon Musk's xAI merged with SpaceX, becoming known as SpaceXAI, and expanded operations with a second facility named Colossus 2 in Southaven, Mississippi.

Elon Musk's xAI converted an industrial facility in southwest Memphis in June 2024 to power its Colossus artificial intelligence supercomputer operation.