Sentiment: Negative
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OpenAI Slashes Funding Goal by $10 Billion as Tech Stocks Slide
By Trader Edge at 2026-10-31 03:47
Sentiment: Negative
TLDR OpenAI cut its fundraising goal to about $20 billion from $30 billion, the Financial Times reported. Its target valuation fell to $1.25 trillion from $1.4 trillion. The Nasdaq Composite fell 2.9% on Friday and is 7.8% below its October 6 record close. Rival Anthropic plans to go public in mid-November and is competing for [...] The post OpenAI Slashes Funding Goal by $10 Billion as Tech Stocks Slide appeared first on CoinCentral. Continue reading...
Categories: News
Tags: #News #Stocks
Source Coin Central