COINDESK · 2026-10-31 00:49 UTC

OpenAI reportedly cuts fundraising target amid AI jitters

OpenAI reduced its fundraising target from $30 billion to $20 billion and lowered its valuation from $1.4 trillion to $1.25 trillion amid recent AI stock selloffs. The company had previously delayed IPO plans until 2027. OpenAI faces competition for capital from rival Anthropic, which plans to go public in November seeking up to $100 billion at a $1.5 trillion valuation.

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