AI News Today: OpenAI Cuts Funding Goal by $10B as AI Stocks Slide

OpenAI trimmed its fundraising target by ten billion dollars in a single week, while Apple quietly picked a Chinese AI model for iPhones in China. DX Today AI Daily Brief - Sunday, November 1, 2026 OpenAI cuts its fundraising target to about $20 billion at a $1.25 trillion valuation as AI stocks slide, while Foxconn says there is no AI bubble. Apple taps Alibaba's Qwen to bring Apple Intelligence to iPhones in China. Saudi Aramco closes its purchase of a 49 percent stake in national AI comp...