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<p>🇺🇸 OpenAI Cuts Funding Target by $10 Billion Amid AI Stock Selloff

OpenAI is reportedly seeking $20 billion instead of its earlier target, as investors grow concerned about massive AI spending. 

Its desired valuation has also reportedly fallen from $1.4 trillion to $1.25 trillion, according to the Financial Times.

UAE investors, including state-backed MGX, are expected to be major participants. Meanwhile, US tech stocks continue to decline amid AI investment concerns, with the Nasdaq falling 3% on Friday.</p>

🇺🇸 OpenAI Cuts Funding Target by $10 Billion Amid AI Stock Selloff
OpenAI is reportedly seeking $20 billion instead of its earlier target, as investors grow concerned about massive AI spending. 
Its desired valuation has also reportedly fallen from $1.4 trillion to $1.25 trillion, according to the Financial Times.
UAE investors, including state-backed MGX, are expected to be major participants. Meanwhile, US tech stocks continue to decline amid AI investment concerns, with the Nasdaq falling 3

🇺🇸 OpenAI Cuts Funding Target by $10 Billion Amid AI Stock Selloff OpenAI is reportedly seeking $20 billion instead of its earlier target, as investors grow concerned about massive AI spending. Its desired valuation has also reportedly fallen from $1.4 trillion to $1.25 trillion, according to the Financial Times. UAE investors, including state-backed MGX, are expected to be major participants. Meanwhile, US tech stocks continue to decline amid AI investment concerns, with the Nasdaq falling 3% on Friday.

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