The Information
Happy days are here again! Stocks have rallied, thanks to upbeat headlines concerning the Iran war. Don’t get too comfortable—things are likely to change quickly. In fact, the Iranians are threatening to attack U.S. tech facilities in the Middle East. Meanwhile, we got news today on a variety of fronts concerning Microsoft, Nvidia and Anthropic (see below for more details). Among other things, OpenAI finalized its big funding round, announcing commitments totaling $122 billion. We should emphasize that those are commitments , not necessarily cash. Much of the money won’t be wired into OpenAI’s bank accounts for a while. Amazon accounts for $50 billion of the total , but it’s only putting up $15 billion now, with the rest to come later, depending on various factors, such as when OpenAI goes public. SoftBank is putting in $30 billion , spread over three payments between now and October.
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