OpenAI has completed a funding round of less than $15 billion, well short of its initial $30 billion target. The company’s valuation has fallen by $150 billion, dropping from the $1.4 trillion targeted in early October to $1.25 trillion, while its fundraising goal has been reduced to around $20 billion. The move comes after the Nasdaq 100 lost roughly 10% in three weeks, dampening investor enthusiasm for artificial intelligence. OpenAI has projected approximately $600 billion in computing spending through 2030, while Anthropic is preparing to go public and seeking to raise up to $100 billion. Bitcoin has also lost around 8% in a month, reflecting a broader return to risk aversion.
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