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- OpenAI said close to 1st phase of $100B+ round, post-money valuation could top $850B
OpenAI said close to 1st phase of $100B+ round, post-money valuation could top $850B

Top stories today:
- OpenAI closing 1st phase of $100B+ round, valuation could top $850B
- World Labs, Fei-Fei Li’s AI startup, raises $1B to build world models
- Google rolls out Lyria 3 music model in Gemini beta across 8 languages
- Humain invests $3B in xAI, becomes “significant minority shareholder”
- Moderna flu shot review revived after FDA reversal
- Meta said to revive Malibu 2 smartwatch for 2026 launch
0. Data and calendar

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Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):
1. OpenAI said close to 1st phase of $100B+ round, post-money valuation could top $850B

Amazon ($50B), SoftBank ($30B), NVIDIA($20B), and Microsoft ($B’s) are reportedly participating in the 1st portion.
Feb.-end: the companies are expected to finalize their allocations.
VC firms, sovereign wealth funds, and others are expected to participate in the next phase.
+4% in SoftBank shares on the news Thu. morning.
2. World Labs, Fei-Fei Li’s AI startup, raises $1B to build world models for robotics, science

Autodesk invested $200M in the round.a16z, Nvidia and AMD also participated.
a16z, NVIDIA, and AMD also participated.
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