☕️ OpenAI raises record $122B

Techpresso··1 min read
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AI Summary

This technology newsletter covers major corporate moves including SpaceX filing for the largest IPO in history at $1.75T valuation, OpenAI raising $122B at $852B valuation, and Oracle cutting thousands of jobs to fund AI infrastructure. Additional stories include Anthropic accidentally leaking Claude Code source, Google developing a screenless Fitbit to compete with Whoop, and Baidu robotaxis freezing in traffic in Wuhan.

Key Facts

✓SpaceX filed for the largest IPO in history seeking $1.75T valuation to fund Starship development and AI infrastructure.
✓OpenAI raised a record $122B at $852B valuation with Amazon leading the round, making IPO mandatory due to funding conditions.
✓Oracle cut thousands of jobs to fund $50B AI data center spending while Baidu robotaxis froze in traffic causing chaos in Wuhan.

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