Current Path：RobotHOT Briefs OpenAI cuts fundraising target to about $20 bln as tech selloff deepens AI spending worries

OpenAI cuts fundraising target to about $20 bln as tech selloff deepens AI spending worries

2026-10-31 Category: Briefs Comments(0)

OpenAI has lowered its fundraising target and now plans to raise about $20 billion at a valuation of $1.25 trillion, several people familiar with the matter said, as a steep selloff in technology stocks intensifies concerns over the scale of AI investment and the pace of returns.

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Briefs

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  • China's Zhicheng AI raises several hundred million yuan in funding round

    Chinese embodied AI startup Zhicheng AI said it has completed a funding round worth several hundred million yuan, jointly invested by Hangzhou Capital, Fuzhe Technology, Caitong Capital and Linglan Capital. The proceeds will mainly support the Hangzhou-based company's push into embodied intelligence and world models and accelerate core technology R&D and product commercialization.

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  • OpenAI cuts fundraising target to about $20 bln as tech selloff deepens AI spending worries

    OpenAI has lowered its fundraising target and now plans to raise about $20 billion at a valuation of $1.25 trillion, several people familiar with the matter said, as a steep selloff in technology stocks intensifies concerns over the scale of AI investment and the pace of returns.

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  • AGIBOT launches GO-3 Preview embodied model for full-chain scalable learning

    Chinese robot maker AGIBOT launched GO-3 Preview on Oct. 29, an embodied model it described as a culmination of its AI WAVE efforts, designed to enable full-chain scalable learning across pre-training, post-training and post-deployment. AGIBOT said the model is built on an embodied-native architecture that unifies understanding, prediction and action. Backed by Genie Evolver and Genie Master, it extends learning from pre-training to post-training and post-deployment, allowing robots to keep improving through experience interaction and real-world operations.
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