🇳🇬 English, 31 October 2026, funding challenges
OpenAI Cuts Funding Target From $30B to $20B
OpenAI lowers its fundraising target to $20 billion as investors become more cautious about AI development costs.
OpenAI has secured approximately $11 billion so far, less than half of its original $30 billion target.
Developing and operating advanced AI models requires substantial spending on computing power, data centres, specialised chips and energy.
Investors are increasingly questioning the enormous amounts of money being committed to artificial intelligence infrastructure.