Even OpenAI Is Feeling the AI Selloff? ChatGPT Maker Reportedly Cuts Funding Target by $10 Billion as Inv
ChatGPT-maker OpenAI reportedly slashes its funding target by $10 billion as AI market jitters dampen investor appetite.
OpenAI, the prominent artificial intelligence organization responsible for the ChatGPT platform, is reportedly moderating its expectations for its upcoming capital raise. As the technology sector faces a significant downturn in stock valuations, the company has decided to lower its fundraising objectives. This move comes as investors express growing apprehension regarding the massive financial outlays required to sustain the artificial intelligence industry.
Openai Adjusts Fundraising Goals
According to a report published by the Financial Times on Friday, OpenAI is now targeting a sum of approximately $20 billion in its latest round of financing. This new figure represents a $10 billion reduction from the amount the company had originally hoped to secure. The Financial Times cited individuals familiar with the situation, noting that the shift in strategy is a response to the current market environment.
The decision
Source: benzinga.com · 2026-10-31