OpenAI reportedly scales back fundraising and valuation goals as AI market jitters grow

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Investor anxiety over the AI boom has pulled the Nasdaq 100 down roughly 10% in about three weeks since it reached a record high on October 6. The index fell 4.5% on Friday alone, marking a sharp escalation of the sell-off. Against this backdrop, OpenAI is reportedly lowering its fundraising and valuation targets. The reported moves reflect growing caution across markets toward companies tied to artificial intelligence.

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