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NOTABLEChinese Media2026-10-31 01:53

OpenAI cuts fundraising target by $10 billion, valued at $1.25 trillion

People familiar with the matter say OpenAI has cut its fundraising target for this round by $10 billion and now plans to raise about $20 billion, at a $1.25 trillion valuation. The move comes as a sharp tech selloff deepened market worries about the scale of AI spending and the pace of returns. It matters because it may signal a cooling in capital-market appetite for AI investment.

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