Finance & Banking
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4 min read
OpenAI Slashes Funding Target to $20 Billion as AI Market Selloff Hits Valuation
OpenAI has trimmed its fundraising target from $30 billion to $20 billion and cut its implied valuation from $1.4 trillion to $1.25 trillion, as a 10% Nasdaq selloff left the company with just $11 billion in commitments.
2h ago