AITech in Asiaabout 5 hours ago
OpenAI Cuts Fundraising Target to $20 Billion
15 min read
OpenAI reduces its fundraising target to $20 billion with a $1.25 trillion valuation, a drop from the previous $30 billion ask and $1.4 trillion valuation reported on October 19. This adjustment follows a 2.9% Nasdaq decline on October 30, 2026, driven by AI stock losses. UAE investors including MGX remain key participants despite the lower numbers.
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