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Add as a preferred source on GoogleOpenAI Cuts Latest Funding Goal by $10 Billion Amid Tech Selloff
The funding reduction comes as U.S. technology shares face pressure from concerns over AI infrastructure buildout.
OpenAI lowered its target for its latest funding round by $10 billion as U.S. technology stocks sold off amid concerns over AI infrastructure buildout.
Broadcom CEO Hock Tan previously cited OpenAI’s $50 billion in annualized revenue as of September as evidence of a viable business. Tan also warned that access to financing could constrain AI infrastructure growth in earlier comments on OpenAI’s revenue and funding risks.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.