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Top stories today:
- OpenAI’s $150B valuation reportedly hinges on corporate restructure
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- Larry Ellison says he, Elon begged NVIDIA CEO for AI GPUs at dinner
- S&P 500 Index has bounced back, but not due to Big Tech
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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.
1. OpenAI’s $150B valuation reportedly hinges on restructuring corporate model
$6.5B funding could be finalized in 2 weeks.
Valuation renegotiation could be needed if restructuring is unsuccessful.
Turning non-profit to a for-profit also reportedly discussed with lawyers.
OpenAI capped returns at 100x the investment for investors previously.
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