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via uk.finance.yahoo.comTech & AI

OpenAI slashes valuation by $150bn

FROM THE WIRE · UK.FINANCE.YAHOO.COM

OpenAI has cut its valuation by $150bn (£112bn) in a sign of growing investor scepticism about the AI boom. The Silicon Valley company sought a $1.4tn valuation in talks with investors but reduced the figure to $1.25tn after pushback, according to the Financial Times. The…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishThe valuation cut and concerns over AI costs weighed on tech stocks and Asian markets.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01OpenAI cut its valuation from $1.4tn to $1.25tn, according to the Financial Times.
  2. 02More than $1tn was wiped off US tech stocks after Meta said it needed to raise large sums for AI.
  3. 03Japan's Nikkei 225 fell as much as 2.3% on Friday morning.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
NVIDIA CorporationNVDAStock212.21 USDMarket closedtoday -4.40%Negative Meta Platforms, Inc.METAStock648.85 USDMarket closedtoday -6.98%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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