OpenAI slashes funding target by $10bn amid tech anxieties

OpenAI, the creator of ChatGPT, has reportedly reduced its funding target by $10 billion, now aiming for $20 billion instead of the previously sought $30 billion. This adjustment comes amidst a brutal sell-off in tech stocks and increasing concerns about the extensive spending on artificial intelligence. The company had initially aimed to raise $30 billion at a $1.4 trillion valuation last month, ahead of a planned IPO next year.