OpenAI, the company behind ChatGPT, has lowered its fundraising target from $30 billion to $20 billion, potentially signalling financial difficulties amid a broader slowdown in artificial intelligence investment. The reduction comes as rival Anthropic’s possible listing complicates the fundraising landscape. At the same time, S&P Global Ratings revised Meta’s outlook to negative because of high spending, cash flow deficits and uncertainty over the monetisation of artificial intelligence. Markets now anticipate greater financial risk for OpenAI, with a noticeable increase in bankruptcy predictions. OpenAI’s next fundraising moves and Meta’s strategic adjustments will be closely watched for their impact on investor sentiment towards the sector.
Source: Read the original article
