North Carolina treasurer passes on SpaceX citing valuation concerns; favors OpenAI, Anthropic

Title: Policy Adjustments: Investment Strategy Optimization

Cleaned Article:
The state treasurer emphasized the challenges posed by escalating valuation pressures, opting to redirect capital toward high-return AI ventures. Despite prior investments in OpenAI and Anthropic, administrators avoid direct exposure to contrast perceived overvaluation with market realities. This approach emphasizes aligning pension fund goals with feasible long-term returns, ensuring stability amid current economic constraints. All remaining commitments remain intact to uphold institutional trust and regulatory adherence.

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