AI news — 2026-10-31

The 4 AI stories AI Newsnow tracked on 2026-10-31.

1. OpenAI slashes funding target by $10bn as tech anxieties mount — 1 source · business
2. OpenAI slashes funding target by $10bn as tech anxieties mount — 1 source · business
3. OpenAI Raises Less Than Half of $30 Billion Target in Latest Round — 1 source · business
4. Meta's AI spending has cost its rating? S&P downgrades credit outlook to AA- as ‘ability to monetize limited’ — 1 source · general