Saturday, 31 October, 2026
Valuation Reality Check: OpenAI Trims Fundraising Target by $10 Billion
By TechShots Studio
OpenAI has slashed its latest funding round target by $10 billion, now seeking to raise $20 billion at a revised $1.25 trillion valuation. The reduction follows investor pushback and weaker-than-expected demand amid a broader tech sector sell-off. The startup lowered its goals from an initial $30 billion raise at a $1.4 trillion valuation as market jitters weigh on mega-cap AI deals.
Read full story at REUTERS