OpenAI CUTS Fundraising by $10B - AI Bubble Bursting? 🚨
ChatGPT maker in trouble!
OpenAI has slashed its funding target by $10 BILLION - now seeking $20B at $1.25T valuation, down from $30B at $1.4T last month.
FT reported today citing people with knowledge:
Before: $30B raise at $1.4T valuationNow: $20B raise at $1.25T valuationCut: $10B lessDeadline: Friday Oct 31 for investors to commit
Why?
AI stock selloff - tech rout driven by AI worriesAnthropic IPO coming - rival eating hypeInvestor demand cooling
OpenAI wanted this as bridge capital before IPO, but market says no to $1.4T.
If OpenAI can't raise at $1.4T, what about rest of AI valuations?
Is AI hype over?
$AI $BTC $ETH
#OpenAICutsFundraisingTargetBy10B #OpenAI #ChatGPT #AIBubble #TechStocks
ChatGPT maker in trouble!
OpenAI has slashed its funding target by $10 BILLION - now seeking $20B at $1.25T valuation, down from $30B at $1.4T last month.
FT reported today citing people with knowledge:
Before: $30B raise at $1.4T valuationNow: $20B raise at $1.25T valuationCut: $10B lessDeadline: Friday Oct 31 for investors to commit
Why?
AI stock selloff - tech rout driven by AI worriesAnthropic IPO coming - rival eating hypeInvestor demand cooling
OpenAI wanted this as bridge capital before IPO, but market says no to $1.4T.
If OpenAI can't raise at $1.4T, what about rest of AI valuations?
Is AI hype over?
$AI $BTC $ETH
#OpenAICutsFundraisingTargetBy10B #OpenAI #ChatGPT #AIBubble #TechStocks
