The BriefingOpenAI’s Fundraising; The (Dismal) IPO Class of 2021
Happy days are here again! Stocks have rallied, thanks to upbeat headlines concerning the Iran war. Don’t get too comfortable—things are likely to change quickly. In fact, the Iranians are threatening to attack U.S. tech facilities in the Middle East. Meanwhile, we got news today on a variety of fronts concerning Microsoft, Nvidia and Anthropic (see below for more details). Among other things, OpenAI finalized its big funding round, announcing commitments totaling $122 billion. We should...