OpenAI Reportedly Lowers Fundraising and Valuation Targets Amid AI Market Jitters
Key Highlights: OpenAI has reduced its fundraising target to approximately $20 billion at a revised $1.25 trillion valuation, down from earlier goals of $30 billion at $1.4 trillion. The recalibration follows a steep, multi-week market selloff across artificial intelligence-related equities. OpenAI faces mounting capital competition from rival Anthropic, which is eyeing an aggressive public debut ...