Trying to keep up with the AI race 2!

 

Here is a partial copy of my Rundown newsletter on OPENAI latest news
Image source: Ideogram / The Rundown

The Rundown: OpenAI is negotiating a funding round at an $830B valuation that would vault the ChatGPT maker into the ranks of tech’s mega-cap giants, according to the Wall Street Journal.

The details:

  • The round aims to raise up to $100B by Q1 2026, with SoftBank already committed for $30B.

  • The funding push comes as OpenAI vows to spend trillions of dollars and signs massive cloud and data center deals across Japan, Europe, and the U.S.

  • Timing’s dicey: public AI stocks are stumbling as bubble warnings get louder and skeptics say valuations have drifted far from actual earnings.

  • OpenAI recently declared “code red” to counter Google’s moves, cranking up pressure to show that massive infrastructure spending will actually deliver.

Why it matters: This $100B would add a hefty amount to OpenAI’s coffers, which currently have more than $64B, while buying runway to compete with Google and other rivals, while the race to profitable AI remains wide open. The tension: can valuations this stratospheric hold up before anyone proves the underlying business actually works?

Thanks for reading,

Tim. 


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