Financial Struggles and Recovery Signals in Tech

OpenAI wants to open an App Store where everyone can build their own GPTs. There’s also a new GPT-4 that has gotten significantly cheaper. Did Cruise know its cars were underperforming even before the DMV shut them down? WeWork is officially dead, but are we seeing green shoots… evidence that the tech recession might be ending?

Links:

• OpenAI Launches GPT-4 Turbo (TechCrunch)
• OpenAI is letting anyone create their own version of ChatGPT (The Verge)
• CRUISE KNEW ITS SELF-DRIVING CARS HAD PROBLEMS RECOGNIZING CHILDREN — AND KEPT THEM ON THE STREETS (The Intercept)
• WeWork, once valued at $47 billion, files for bankruptcy (CNBC)
• Shein Targets Up to $90 Billion Valuation in US IPO, Sources Say (Bloomberg)
• Klarna’s financial glow-up is my favorite story in tech right now (TechCrunch)

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