OPENAI RAISES LESS THAN HALF OF $30 BILLION TARGET IN LATEST ROUND

Summary from the TLDR newsletter

OpenAI's latest funding round received tepid interest from investors. The deal values the AI lab at $1.25 trillion, less than the $1.4 trillion valuation it had earlier hoped to achieve. Investors appear to have grown pickier about which companies they want to back and on what terms. The industry recently experienced a brutal selloff tied to disappointing earnings results from giants, including Google, Amazon, and Intel.