Investments, Circular Funding Loops, Bubble Bother
1. OpenAI hits $500B valuation, turns for-profit, breaks away from Microsoft
OpenAI became the first privately held company in the segment to hit $500 billion in valuation after its multi-billion-dollar fundraising rounds. It also restructured itself into a for-profit entity. The bromance with Microsoft also reportedly came under strain with OpenAI seeking greater independence, marking a…

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