OpenAI Lowers Fundraising Target by US$10 Billion Amid Tech Sector Downturn
Published
_20260514154232_Bloomberg_9.jpg&w=1920&q=75)
OpenAI, the company that created ChatGPT, has reportedly reduced its fundraising target by US$10 billion. According to a report by the Financial Times (FT), the company now aims to raise approximately US$20 billion.
In addition, the company's desired valuation has also fallen to US$1.25 trillion, from US$1.4 trillion previously. This change comes as technology stock markets are experiencing a significant decline in value.
This decision shows that OpenAI is adjusting its financial plans to match current market conditions. Over the past few years, artificial intelligence (AI) companies have attracted strong interest from investors around the world, and these developments have drawn the attention of many industry observers.
So far, there has been no complete official statement from OpenAI regarding the details of this fundraising. Investors and users in Malaysia are advised to keep following the latest developments through reliable news sources.
Sources: The Edge Malaysia
More Malaysia news
- Malaysian Stock Market Opens Higher After US Tech Stocks Recover
- Analysts: Malaysia's Tech Sector Faces Sentiment Decline, Not Earnings Impact
- Skilled Workforce Essential for Malaysia's Digital Transformation
- Malaysia Outlines Plans to Strengthen Digital Security and Improve Internet Connectivity
- Malaysia Targets One Million Affordable Homes Through Modular Construction Technology
- Two New Political Parties Emerge Amid Political Divisions in Malaysia
- Sabah PH Chairman Urges Parties Not to Use Religion as a Political Weapon
- Malaysia Wants Smoother Medical Claims Process