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Top stories today:
- Microsoft said to push OpenAI restructure into 2026
- OpenAI, CEO Sam Altman sued over ChatGPT role in teen suicide
- Anthropic brings Claude AI agent to Googleās Chrome browser
- Apple announces iPhone 17 event for Sep. 9
- Trump Media, Crypto.com partner to build $6.4B CRO treasury firm
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All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. Microsoft said to push OpenAI restructure into 2026 as negotiations still ongoing
Meanwhile, OpenAI is in talks with investors about a secondary share sale, further boosting its valuation:
The two sides remain far apart on key issues and may extend talks beyond the Dec. 31 deadline.
The delay would allow SoftBank to withhold its $10B commitment to OpenAI.
OpenAIās efforts to raise more capital could also be hampered.
Microsoft may allow OpenAI limited API deals with Google and AWS, restricted to non-Azure government customers.
Microsoftās future access to OpenAIās IP is also under discussion.
Satya Nadella wants to do away with the AGI clause entirely, while OpenAI is pushing to retain it in some form.
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3. OpenAI, CEO Sam Altman sued over ChatGPT role in California teen suicide
Apr. 11: 16-year-old Adam Raine died by suicide.
After a rough patch, he switched to an online program to finish his sophomore year at home.
Jan. 2024: Raine subscribed to ChatGPTās paid plan after using it to help with schoolwork.
Nov.-end: Raine began talking to ChatGPT (GPT-4o) about feeling emotionally numb and seeing no meaning in life.
Jan.: ChatGPT allegedly supplied specific suicide methods when Raine requested information.
OpenAI said it has addressed some shortcomings and is ācontinuously improving how our models respond in sensitive interactions.ā
The safeguards against self-harm ābecome less reliable in long interactions where parts of the modelās safety training may degrade,ā OpenAI admitted.
300,000 accountants have left the U.S. workforceāand itās not slowing down. In our latest report, we unpack the key stats and strategies finance leaders need to know now.
Inside youāll discover:
Retirement cliffs, degree declines & vanishing CPAs
How LatAm talent is filling critical U.S. gaps
Why CFOs are rethinking hiring models for 2025
If your finance team is feeling the pressureāthis is your playbook.
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