Metapress

Business

OpenAI slashes funding target by $10 billion amid tech rout, FT reports

OpenAI slashes funding target by $10 billion amid tech rout, FT reports

FILE PHOTO: OpenAI logo is seen in this illustration created on June 11, 2026. REUTERS/Dado Ruvic/Illustration/File Photo Oct 30 : OpenAI has slashed the target for its latest funding round by $10 billion amid a selloff in tech stocks driven by AI worries, the Financial Times reported on

Crypto exchanges call for quick moves to bolster defenses after Binance heist

Crypto exchanges call for quick moves to bolster defenses after Binance heist

Binance logo and hacker code are seen in this illustration taken October 30, 2026. REUTERS/Dado Ruvic/Illustration Oct 30 : Crypto exchanges are taking quick action to bolster their defenses and urging greater industry-wide information-sharing after a record $6.3 billion hack of Binance exposed their vulnerability just

China's factory activity marks third contraction in four months

China's factory activity marks third contraction in four months

A worker wearing a face mask works on a production line manufacturing bicycle steel rim at a factory, in Hangzhou, Zhejiang province, China Mar 2, 2020. (File Photo: China Daily via Reuters) BEIJING: China's factory activity unexpectedly dropped in October, its third contraction in four months, a government