OpenAI slashes funding target to $20B at $1.25T valuation as Nasdaq sheds $2T
Hesamation · x · 2026-10-31
Per the FT, OpenAI has cut its latest funding target from $30B to about $20B at a $1.25T valuation. Citing ZeroHedge, Hesamation notes Abu Dhabi reportedly passed on the $30B round.
Context: the Nasdaq has wiped out roughly $2 trillion, China's stock market had its worst month since 2016, and investors are spooked. He argues this isn't necessarily a bubble break but a long-overdue correction — investment in AI labs and infra will continue with more realistic expectations — and adds that Anthropic couldn't have picked a worse time for its IPO.
Related event: OpenAI Cuts Funding Target to $20B at $1.25 Trillion Valuation(2 posts)→
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