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OpenAI reportedly cuts fundraising and valuation targets amid AI jitters

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CoinDesk
By Stephen Alpher
10/31/2026, 12:48:56 AM
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OpenAI reportedly cuts fundraising and valuation targets amid AI jitters
EXECUTIVE SUMMARY

Anxiety about the AI boom has sent the Nasdaq 100 slumping by about 10% in just three weeks since hitting a record high on October 6, including a 4.5% drop on Friday.

Key Takeaways

  • OpenAI reportedly cuts fundraising and valuation targets amid AI jitters.
  • Anxiety about the AI boom has sent the Nasdaq 100 slumping by about 10% in just three weeks since hitting a record high on October 6, including a 4.5% drop on Friday.
  • Anxiety about the AI boom has sent the Nasdaq 100 slumping by about 10% in just three weeks since hitting a record high on October 6, including a 4.5% drop on Friday.

Anxiety about the AI boom has sent the Nasdaq 100 slumping by about 10% in just three weeks since hitting a record high on October 6, including a 4.5% drop on Friday.

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