OpenAI Funding Target Cut by $10 Billion as AI Slumps, FT Says

OpenAI has reduced its capital-raising goal by $10 billion amid a broader market decline in artificial intelligence investments. The adjustment follows increased competition from rivals like Anthropic PBC, which is preparing for a public listing, and reflects a cooling investor appetite for AI companies. This shift suggests that the sector may be facing greater difficulty in securing massive venture capital compared to previous funding cycles.