The Verge (1 hour ago)
OpenAI is now valued at $1.25 trillion in a new round of funding that has raised another $11 billion, according to Bloomberg. That would make it one of the world’s most valuable companies, not long after raising $122 billion from investors in March at a valuation of $852 billion.
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OpenAI has reportedly raised an additional $11 billion as part of a funding round that hasn’t closed yet but is expected to in the coming weeks.
Several months after first expressing interest in acquiring Roku, Fox has completed its $22 billion deal to buy the company.
Roku is officially a part of Fox.
This week brought another plethora of large funding rounds for startups and growth-stage companies. Shield AI, a defense tech player focused on autonomy and virtual simulations, secured the largest financing, bringing in $2 billion.
Brightspeed, a US fibre broadband provider owned by Apollo, is in talks with creditors to raise $2B to $3B of new money, Bloomberg reports. It has about $10B of debt, has warned about its survival, and may file for bankruptcy as soon as December.
China’s intelligence agency recruited Megaspeed executive Alice Huang to spy on Nvidia CEO Jensen Huang, according to The New York Times.
SpaceX has declared that it’s going to make Starlink Mobile a “major” mobile carrier. The Elon Musk-owned company has already deployed thousands of direct-to-cell satellites, but its next big challenge is building out its 5G network here on Earth.
Massive new data centers are the physical foundation for tech companies’ hopes and dreams for AI. But the rush to expand warehouses full of energy-hungry servers has also kicked up fights across the world over their impact on power grids, utility bills, nearby communities, and the environment.
While the Shure Mv7 Plus is popular with streamers and podcasters, it’s equally good at impressing your friends and coworkers on meetings and Discord calls. It’s currently marked down to $255 at various retailers, including Amazon, Guitar Center, and directly from Shure.
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