OpenAI’s Fundraising; The (Dismal) IPO Class of 2021
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Generative AI
AI Hardware
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 details). Among other things, OpenAI finalized its big funding round, announcing commitments totaling $122B. We should emphasize that those are commitments, not necessarily cash.