OpenAI's New Funding and the Rise of AI-Driven Startups

Alex is back on the mic for your Monday rundown and  digging into OpenAI, earnings, First Republic Bank, and ARM. Oh, and startups as well!

• It's another big earnings week, and we're excited to see how Uber, Coinbase, Apple and Hubspot have performed!
• First Republic Bank is no more. It wasn't shocking to see JPMorgan swooping it up, but we are once again seeing a small bank shutting shop and a big bank getting bigger. Not good!
• OpenAI is now even richer thanks to a $300 million investment from venture capitalists. It's amazing that the company sold just 1.1% of its equity for nine figures.
• And Alison raised capital just as AMD filed privately to go public. It's a busy start to the week!

Hugs, and we'll be back Wednesday and Friday.

For episode transcripts and more, head to Equity’s Simplecast website.

Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders, one that details how our stories come together and more!

Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.

Learn more about your ad choices. Visit megaphone.fm/adchoices