Investor anxiety about artificial intelligence moved from warnings to numbers on Friday: OpenAI cut its funding target by $10 billion, tech stocks tumbled, and Anthropic's IPO met a rating warning, while Baseten, Amazon and Foxconn pushed ahead with their own AI deals.
OpenAI cuts its funding target
The Financial Times reported that OpenAI slashed its funding target by $10 billion as tech anxieties mount. Reuters and Investing.com relayed the FT report. The Wall Street Journal reported that the ChatGPT maker raised less than half of a $30 billion target, valuing it at $1.25 trillion, below its $1.4 trillion target.
Reported by Financial Times
Reported by Investing.com
Reported by Reuters
AI fears hit tech stocks
Le Monde reported that steep losses for tech firms on Friday reversed optimism earlier in the week that had been prompted by Anthropic's IPO filing.
Reported by Le Monde in English
Anthropic IPO rating warning
The Financial Times reported that Blackstone has told investors Anthropic may not secure an investment-grade rating after its IPO.
Reported by Financial Times
Baseten set for $30 billion valuation
Bloomberg reported that Baseten is set for a $30 billion valuation with new funding.
Reported by Bloomberg
Amazon funds AI hardware
Quartz reported that Amazon is setting up a loan facility of up to $80 billion to fund AI hardware.
Reported by Quartz
Foxconn works on OpenAI tie-up
Reuters reported that Foxconn is working on a new tie-up with OpenAI and has said there is no AI bubble.
Reported by Reuters
Checked
12 claims in this story checked against 7 sources: 8 supported.
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- SupportedOpenAI cut its funding target by $10 billion.Economy News: “OpenAI cuts funding target by $10 billion, FT reports.”
- Partly supportedAI stocks tumbled.Le Monde in English: “Earnings stoke AI fears and send tech stocks tumbling.”
- SupportedAnthropic faces an IPO rating warning."site:ft.com when:1d" - Google News: “Anthropic may not secure investment-grade rating after IPO, Blackstone tells investors”
- SupportedBaseten is lining up new AI funding."site:bloomberg.com when:1d" - Google News: “Baseten Set for $30 Billion Valuation With New Funding - Bloomberg.com.”
- SupportedAmazon is lining up money for AI hardware.Quartz: “Amazon is setting up a loan facility of up to $80 billion to fund AI hardware.”
- Not in the sourcesInvestor anxiety moved from warnings to numbers on Friday.Le Monde in English: “Earnings stoke AI fears and send tech stocks tumbling.”
- SupportedOpenAI raised less than half of a $30 billion target.Technology - WSJ.com: “OpenAI Raises Less Than Half of $30 Billion Target in Latest Round.”
- Not in the sourcesOpenAI was valued at $1.25 trillion, below its $1.4 trillion target.Technology - WSJ.com: “OpenAI Raises Less Than Half of $30 Billion Target in Latest Round.”
- Partly supportedLe Monde reported that Friday’s tech losses reversed optimism earlier in the week prompted by Anthropic’s IPO filing.Le Monde in English: “Earnings stoke AI fears and send tech stocks tumbling.”
- SupportedBlackstone told investors Anthropic may not secure an investment-grade rating after its IPO."site:ft.com when:1d" - Google News: “Anthropic may not secure investment-grade rating after IPO, Blackstone tells investors”
- SupportedFoxconn is working on a new tie-up with OpenAI."site:reuters.com/world when:1d" - Google News: “Foxconn working on a new tie-up with OpenAI, says there is no AI bubble”
- SupportedFoxconn has said there is no AI bubble."site:reuters.com/world when:1d" - Google News: “Foxconn working on a new tie-up with OpenAI, says there is no AI bubble”
