OpenAI closes funding at $157 billion valuation, as Microsoft, Nvidia, SoftBank join round

How Vuori reached a $5.5 billion valuation by taking share from Lululemon

When athleisure brand Vuori launched in 2015, it was headquartered in a garage, sold only men’s shorts and couldn’t get investors to give it the time of day.

NBC News - 2d

Report: Warriors' $9.14 billion valuation tops NBA

The Warriors' $9.14 billion valuation was tops in the NBA, followed by the Knicks at $8.3 billion and the Lakers at $8.07 billion, according to Sportico.

ESPN - 2d

Trump joins Elon Musk in opposing House GOP's government funding bill

President-elect Donald Trump came out against a government funding bill backed by Republican House Speaker Mike Johnson.

CNBC - 2d

How Vuori reached a $5.5 billion valuation by taking share from Lululemon

Vuori has grown from a no-name brand into a $5.5 billion empire by building a profitable and growing business and taking share from Lululemon.

CNBC - 2d

AMD invests in GPU cloud provider Vultr at $3.5 billion valuation

AMD's investment in Vultr comes after Nvidia backed GPU startup CoreWeave.

CNBC - 3d

FirstFT: Microsoft buys twice as many Nvidia AI chips as its rivals in 2024

Also in today’s newsletter, Brazil’s currency comes under pressure while carmakers Honda and Nissan hold merger talks

Financial Times - 4d

Microsoft acquires twice as many Nvidia AI chips as tech rivals

OpenAI’s biggest backer buys nearly half a million GPUs this year in race to build artificial intelligence systems

Financial Times - 4d

Nvidia stock is in a correction. Microsoft’s CEO may have just said something very worrying.

Satya Nadella, Microsoft’s CEO, and believed to be a big customer of Nvidia was talking about abundant chip supply in a recent interview.

MarketWatch - 4d

Databricks announces $10 billion financing at $62 billion valuation

The company's new valuation is up from $43 billion in 2023.

CNBC - 4d

Why is tech giant SoftBank investing over $100 billion in the US?

Japanese tycoon Masayoshi Son has joined President-elect Donald Trump in announcing plans by technology and telecoms giant SoftBank Group to invest $100 billion in projects in the United States

ABC News - 5d

Nvidia falls into correction territory, down more than 10% from its record close

Nvidia shares slumped more than 2% on Monday, putting shares of the AI chip darling in correction territory.

CNBC - 5d

Trump and SoftBank CEO Announce $100 Billion Investment in US Projects

The technology company plans to invest $100 billion in U.S. projects, echoing the multibillion-dollar pledge it made after Donald J. Trump’s first election victory in 2016.

The New York Times - 5d

Softbank Plans to Invest $100 Billion in U.S. Projects Through 2028

CEO Masayoshi Son joined President-elect Trump at Ma-A-Lago to make the announcement.

Inc. - 5d

Trump announces Japanese firm SoftBank plans to invest $100 billion in U.S.

President-elect Donald Trump pledged expedited approvals for any company that invests at least $1 billion in the U.S. SoftBank's investment will focus on AI and emerging technology.

CBS News - 5d

SoftBank CEO and Trump announce $100 billion investment in U.S. by firm

The money will be deployed before the end of Trump's term.

CNBC - 5d

Trump announces $100 billion investment from SoftBank Group in U.S. projects

President-elect Donald Trump and SoftBank Group CEO Masayoshi Son announced on Monday a $100 billion investment from SoftBank into U.S. projects over the next four years.

CBS News - 5d

Japan’s SoftBank pledges $100bn investment in US

Vow by Masayoshi Son’s investment vehicle is latest sign of how groups are seeking to woo Donald Trump

Financial Times - 5d

Trump announces $100B investment from SoftBank

President-elect Trump on Monday announced the Japanese company SoftBank Group planned to invest $100 billion in the U.S. over the next four years, touting it as a sign of global confidence in the ...

The Hill - 5d

Trump and Japan tech conglomerate SoftBank announce $100 billion in U.S. investments

President-elect Donald Trump and the head of Japanese tech conglomerate SoftBank, Masayoshi Son, will announce a $100 billion investment effort designed to spur artificial intelligence and related ...

NBC News - 5d

Sam Altman on Microsoft, Trump and Musk

The OpenAI C.E.O. spoke with Andrew Ross Sorkin at the DealBook Summit.

The New York Times - Dec. 14

OpenAI’s Altman to donate $1mn to Trump’s inauguration fund

AI start-up Perplexity also contributes as Silicon Valley seeks closer ties with incoming US administration

Financial Times - Dec. 13

OpenAI's Altman will donate $1 million to Trump's inaugural fund

OpenAI CEO Sam Altman is planning to make a $1 million personal donation to President-Elect Donald Trump’s inauguration fund, joining a number of tech companies and executives who are working to ...

ABC News - Dec. 13

Software Firm ServiceTitan Hits $9 Billion Valuation

ServiceTitan’s shares opened at $40 more apiece than the IPO price.

Inc. - Dec. 12

Protected: Nvidia unveils next-gen AI and industrial digitalization capabilities at Microsoft Ignite

Together, Nvidia and Microsoft are helping businesses unleash the full potential of AI, driving more efficiencies and transformation.

VentureBeat - Dec. 12

Harvard Is Releasing a Massive Free AI Training Dataset Funded by OpenAI and Microsoft

The project’s leader says that allowing everyone to access the collection of public-domain books will help “level the playing field” in the AI industry.

Wired - Dec. 12

Investment Fund Acadia Readies $9 Billion Renewable Energy Project Lineup

The investor group, with support from Microsoft and other companies, hopes to build out 5 gigawatts of renewable power capacity in the next five years.

Inc. - Dec. 11

SpaceX valuation surges to $350 billion as company buys back stock

The valuation of Elon Musk's SpaceX hit $350 billion based on a secondary share sale, CNBC confirmed Wednesday.

CNBC - Dec. 11

Nvidia Faces Antitrust Investigation in China

The move by Chinese regulators came a week after the Biden administration expanded curbs on the sale of advanced U.S. technology to China.

The New York Times - Dec. 9

China launches antitrust probe into Nvidia

Move comes as tensions deepen between Washington and Beijing over development of AI

Financial Times - Dec. 9

Elon Musk’s X.AI wins $6 billion in private funding as the latest unicorn to avoid an IPO

X.Ai, a competitor to ChatGPT parent OpenAI, disclosed a large round of funding without the need to become a public company.

MarketWatch - Dec. 6

OpenAI Considers Revising AGI Arrangement With Microsoft

The Sam Altman-led company might end up licensing artificial general intelligence technology to Microsoft after all.

Inc. - Dec. 6

This is the best-performing AI stock this year and it isn’t even close (and it’s not Nvidia)

This company may not have spent as much time in the spotlight as AI chip powerhouse Nvidia, but its stock has soared in 2024.

MarketWatch - Dec. 6

OpenAI seeks to unlock investment by ditching ‘AGI’ clause with Microsoft

Start-up discusses removing provision to protect powerful technology from being misused for commercial purposes

Financial Times - Dec. 6

Nvidia tangos with an activist hedge fund: An excerpt from Tae Kim's new book on the tech giant

Starboard Value's Jeff Smith knows his firm sold its Nvidia stake way too soon, Tae Kim writes in "The Nvidia Way: Jensen Huang and the Making of a Tech Giant."

CNBC - Dec. 5

How Jensen Huang, CEO of Nvidia, Is Avoiding Billions in Taxes

The chief executive of Nvidia, Jensen Huang, has taken advantage of popular loopholes in the federal estate and gift taxes, which have quietly been eviscerated.

The New York Times - Dec. 5

FTC Opens Microsoft Antitrust Inquiry

It will fall to the incoming Trump administration to pursue or drop the investigation.

Inc. - Dec. 3

SpaceX’s $350 billion private valuation signals an IPO is off the table for now

Elon Musk’s space business is part of a trend of companies staying private, as its private-market valuation jumps by more than $100 billion with a proposed sale of shares.

MarketWatch - Dec. 3

ServiceTitan’s planned IPO could come with a more than $5 billion valuation

The Glendale, Calif.-based company could raise up to $500 million in its initial public offering.

MarketWatch - Dec. 3

Microsoft faces £1 billion lawsuit in UK for allegedly overcharging rival cloud firms' customers

Microsoft was accused of unfairly overcharging customers of rival cloud companies including Amazon, Google and Alibaba Cloud in a U.K. lawsuit filed Tuesday.

CNBC - Dec. 3

Microsoft Faces $1.3 Billion Antitrust Lawsuit Over Cloud Services in U.K.

Microsoft faces a dispute in the U.K. over how it charges customers who buy cloud software services that rival its own Azure, the latest antitrust challenge to the U.S. tech giant’s approach to ...

The Wall Street Journal - Dec. 3

Latest in OpenAI closes funding at $157 billion valuation, as Microsoft, Nvidia, SoftBank join round

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