The A.I. company’s advisers are pushing its chief executive, Sam Altman, to move slowly after SpaceX’s stock has been volatile and as the start-up grapples with financial challenges.
Category: Venture Capital
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OpenAI Leans Toward Holding Up I.P.O. Until Next Year
The New York Times – Business: -
OpenRouter, an Exchange for A.I. Models, Raises $113 Million
The New York Times – Business:An investment arm of Alphabet is backing OpenRouter, which helps companies choose among hundreds of models for different software tasks.
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Cerebras, A.I. Chip Maker, Rises 89% in Market Debut
The New York Times – Business:Cerebras, a Silicon Valley maker of artificial intelligence chips, began trading on the stock market on Thursday, as SpaceX, OpenAI and Anthropic also take steps to go public.
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A Start-Up Aiming to Make Geothermal Energy Mainstream Goes Public
The New York Times – Business:Fervo Energy, which uses drilling techniques from the oil and gas industry to produce power from the earth’s heat, raised $1.9 billion in an initial public offering.
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Private Equity Lashes Out at New Research on Carried Interest
The New York Times – Business:Estimates by researchers at Yale found that closing the carried interest loophole could lead to billions more in tax revenues than previously estimated.
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Why Investors Are Still Betting Big on Kalshi
The New York Times – Business:The popular prediction market platform has just raised a new funding round that values it at $22 billion, double what it was worth in December.
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Kalshi, the Prediction Market, Raises $1 Billion at a $22 Billion Valuation
The New York Times – Business:The platform for betting on sports, politics, the weather and more has raised $1 billion and sees big financial firms as a key source of growth.
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Why So Many People Already Own Shares of Elon Musk’s SpaceX
The New York Times – Business:Even before the rocket company holds a major initial public offering, many people own stock in it through so-called special purpose vehicles.
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The Consequences of SpaceX’s Latest A.I. Moonshot
The New York Times – Business:Elon Musk’s rocket and satellite internet titan may pay $60 billion for an A.I. coding start-up. It further clouds SpaceX’s once-simple business plan.
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Whoop, a Wearable Health Device Maker, Raises $575 Million
The New York Times – Business:With elite athletes like LeBron James and Cristiano Ronaldo as investors, the company, now valued at $10 billion, is courting everyday health enthusiasts.