OpenAI reportedly cuts fundraising and valuation targets amid AI jitters
Summary
Growing investor anxiety surrounding the artificial intelligence boom has impacted major tech markets recently. Amid these market jitters, OpenAI has decided to lower its upcoming fundraising goals and valuation targets.
Anxiety about the AI boom has sent the Nasdaq 100 slumping by about 10% in just three weeks since hitting a record high on October 6, including a 4.5% drop on Friday.
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