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What are the biggest tech stories today?

Asked 2 hours ago

Answer

OpenAI is seeking a $500 billion valuation, Apple is ramping up AI investments, Honeywell plans to split into three companies, and OpenAI has released new open-weight AI models for developers.

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OpenAI's blockbuster valuation deal

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  • OpenAI is in early talks for an employee stock sale that could value the company at $500 billion.
  • The potential deal would make OpenAI the most valuable private company, surpassing SpaceX. 19s
  • Thrive Capital may lead the secondary sale, allowing employees to sell vested shares. 35s
  • OpenAI projects annual recurring revenue above $20 billion and ChatGPT has 700 million weekly active users. 41s
  • Despite heavy spending and not being cashflow positive, investor interest in OpenAI remains strong. 1m 29s
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References

OpenAI's blockbuster valuation deal
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CNBC
6 hours ago
OpenAI's blockbuster valuation deal

OpenAI is in talks for a stock sale that could value the company at $500 billion, making it the most valuable private company globally.

OpenAI releases two new open-weight AI models
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CNBC
1 day ago
OpenAI releases two new open-weight AI models

OpenAI has released two new open-weight AI models, making its technology more accessible for developers to use and modify.

Honeywell will be three separate companies in about one year, says CEO
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CNBC
1 day ago
Honeywell will be three separate companies in about one year, says CEO

Honeywell CEO says the company will split into three independent businesses—automation, aerospace, and advanced materials—within a year.

Apple CEO Tim Cook to staff: AI is 'ours to grab'
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CNBC
2 days ago
Apple CEO Tim Cook to staff: AI is 'ours to grab'

Apple CEO Tim Cook told employees that AI is a major opportunity and the company will significantly increase AI investment.

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