OPENAI TO DECIDE WHICH BACKERS TO LET INTO $6.5 BILLION FUNDING

Summary from the TLDR newsletter

OpenAI's latest fundraising round is nearing completion. Prospective investors will find out on Friday whether they'll be part of the deal. The $6.5 billion funding round is oversubscribed, with an excess of demand in the billions of dollars. It is set to value OpenAI at $150 billion. Thrive Capital is rumored to be leading the round with a check for $1.25 billion.