OpenAI reportedly trims fundraising and valuation targets as AI jitters hit markets
AI summary
OpenAI has reportedly lowered its fundraising and valuation targets as anxiety about the AI boom spreads through markets. The Nasdaq 100 has fallen about 10% in three weeks since its October 6 record, including a 4.5% drop on Friday. Traders would read this as a risk-off signal for AI-linked equities and, by extension, crypto tokens tied to the AI narrative.
