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OpenAI slashes funding target by $10bn as tech anxieties mount

Financial TimesView source article

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OpenAI cuts funding target by $10 billion as tech anxieties mount

OpenAI has reduced its latest funding round target by $10 billion amid growing concerns about AI spending and market conditions, according to Financial Times reporting.

Oct 31, 2026·2 sourcesOctober 2026 AI stock sell-offAI bubbleAnthropic IPOOpenAICompute, chips & AI infrastructureFinancial tiesAI IndustryAI bubble concernsAI investmentAI companies founding rounds
OpenAI cuts funding target by $10 billion as tech anxieties mount
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Reuters

OpenAI cuts funding target by $10 billion, FT reports