Equity Equity Monday: Hey look, OpenAI is even richer now
May 1, 2023
Dive into the fascinating world of OpenAI as it secures $300 million in funding, raising its valuation to nearly $29 billion. The collapse of First Republic Bank and its acquisition by JPMorgan highlights the shifting landscape of banking. Also on the radar are promising startups like Alison, innovating in AI analysis. Plus, a look at notable earnings from giants like Uber and Apple raises questions about their future. Tune in for insights into the evolving tech industry!
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First Republic Bank Failure
- First Republic Bank's failure is a consequence of the Silicon Valley Bank crisis.
- The banking consolidation in the US raises concerns about competition and consumer protection.
OpenAI's Funding Round
- OpenAI secured $300 million from VCs at a $27-29 billion valuation.
- Outside investors now own about 30% of OpenAI.
Allison's Funding
- Allison, an Israeli startup, analyzes creative work and provides data-driven prompts.
- They raised $5.1 million in a pre-seed round.