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OpenAI cuts fundraising target as S&P lowers Meta outlook to negative

OpenAI has reduced its fundraising goal amid Wall Street concerns about the AI boom, while S&P Global cut its outlook on Meta to negative from stable late Friday, citing cash flow, spending and monetization worries.

Read the full story at Fortune AI ↗

Timeline · 2 reports

  1. 2026-10-31 16:46 · Fortune AI
    AI outlook: OpenAI cuts fundraising goal while Meta gets a credit warning on cash flow and spending
  2. 2026-10-31 16:41 · Fortune AI
    AI boom hits a wall on Wall Street as OpenAI cuts fundraising target while Meta gets a credit warning over its cash flow, spending and monetization

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