Tech Brew Ride Home Thu. 09/12 – OpenAI’s Big New Raise
7 snips
Sep 12, 2024 OpenAI is gearing up for a massive capital raise at a whopping $150 billion valuation. Meanwhile, Microsoft continues to trim its gaming workforce, cutting 650 jobs. Discover the fascinating rise of a tiny SpaceX competitor that's seen its stock soar by 1,300%. Plus, Apple’s recent AirPods announcement could disrupt the hearing aid market significantly. On the security front, vulnerabilities in internet infrastructure raise concerns, while the challenges faced by Flow Carbon highlight the tricky world of climate tech.
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OpenAI's Valuation and Funding
- OpenAI's $150 billion valuation raises questions about market perception and future performance.
- The company's move to secure debt financing alongside equity adds another layer of complexity to its financial strategy.
AI Investment Landscape
- AI investments by venture capitalists are nearing record levels, driven by the generative AI boom.
- Big tech platforms are outspending VCs significantly on AI infrastructure like data centers.
Microsoft Gaming Layoffs
- Microsoft's gaming division faces further layoffs, impacting corporate and support functions.
- Despite record gaming revenue, Xbox's non-Activision Blizzard business might be underperforming.