OpenAI Slashes Fundraising and Valuation Targets as AI Anxiety Wipes 10% Off Nasdaq 100

OpenAI has reportedly cut its fundraising and valuation targets, according to a CoinDesk dispatch, as anxiety over the AI boom intensifies across financial markets. The reported revision comes as the Nasdaq 100 has slumped roughly 10% in just three weeks since hitting a record high on October 6, a slide that included a 4.5% drop on Friday.

The scale of the pullback underscores how quickly sentiment toward artificial intelligence has shifted from enthusiasm to caution. A 10% decline in three weeks marks a technical correction for the index, and the reported downward revision to OpenAI's fundraising and valuation targets suggests private-market expectations are being recalibrated alongside public equities. The dispatch did not specify the revised figures or the sources behind the report.

The development carries implications beyond a single company: a lower valuation benchmark for OpenAI could ripple through the broader AI investment ecosystem, affecting startup fundraising, venture capital pricing, and listed AI-adjacent stocks. Markets will be watching for official confirmation from OpenAI, further details on the revised targets, and whether the Nasdaq's slide stabilizes or deepens in the sessions ahead.