Brought to you by:
Nebius AI
Top stories today:
- Altman explores converting OpenAI into PBC
- Snowden criticizes OpenAI for adding former NSA head to board
- AI VC fundraising on track to be stable in Q2, with seed slowing down
- India set to become primary location in Asia for data centers
0. Data and calendar
All values as of 5 AM ET / 2 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. Altman explores converting OpenAI into PBC, as Microsoft execs agree
OpenAIās legal structure.
xAI and Anthropic already are Public Benefit Corporations, which can have side goals other than just profits.
OpenAI board would have to agree, and the move would certainly attract the eyes of regulators and the IRS.
āSome senior Microsoft executivesā have been pushing for the move for years. Today, Microsoft is only a board observer, having no voting power over OpenAI.
2. Snowden criticizes OpenAI for adding former NSA head to board
From 1 to 8 NVIDIAĀ® H100, L40S, and V100 GPUs available via a self-service console
User-friendly web console
Resource management via API, CLI, Terraform, and VM access via SSH
24/7 technical support
Detailed documentation
Need more than 8 GPUs? Contact the Nebius AI sales team for the best offer.
*Sponsored.
4. AI VC fundraising on track to be stable in Q2, with seed slowing down
$11.4B invested in 604 deals so far in Q2:
