Finance
Key Takeaways * Current and former OpenAI employees are negotiating to sell approximately $6 billion in shares to SoftBank, Thrive Capital, and Dragoneer Investment Group at a $500 billion valuation * The transaction represents a significant jump from OpenAI's current $300 billion valuation established earlier this year * Only employees with
Finance
Key Takeaways Gemini has made public its filing for a US initial public offering, confirming plans to list on Nasdaq under the ticker GEMI, positioning itself as the third major cryptocurrency exchange to enter public markets after Coinbase and Bullish. The company reported a net loss of $282.5 million
Technology
Key Takeaways OpenAI has reversed course on GPT-5's personality after widespread user criticism, restoring GPT-4o for paid subscribers and promising a "warmer" version of GPT-5. Nearly 5,000 users signed onto a Reddit backlash thread titled "GPT-5 is horrible," with users hitting usage limits
Leadership
Key Takeaways * Alicia Boler Davis, former CEO of Alto Pharmacy and Amazon S-Team executive, will lead Ford Pro starting October 1, 2025 * She brings over 30 years of experience spanning automotive manufacturing at GM, tech logistics at Amazon, and healthcare innovation * Ford Pro is Ford's most profitable division,
Technology
OpenAI has released gpt-oss-120b and gpt-oss-20b—two state-of-the-art open-weight language models that deliver strong real-world performance at low cost. Available under the flexible Apache 2.0 license, these models outperform similarly sized open models on reasoning tasks, demonstrate strong tool use capabilities, and are optimized for efficient deployment on consumer
Technology
OpenAI has secured $8.3 billion in new funding at a $300 billion valuation, according to The New York Times. The oversubscribed round closed months ahead of schedule as part of the company's broader strategy to raise $40 billion in 2025. Funding Details Lead Investor: Dragoneer Investment Group
Technology
Ramp, the financial operations platform, announced its Series E-2 funding round on July 30, 2025, raising $500 million at a $22.5 billion valuation. ICONIQ led the round with participation from existing investors including Founders Fund, D1 Capital Partners, GIC, Coatue, Avenir Growth, Thrive Capital, Khosla Ventures, Sands Capital, 8VC,
Technology
Figma's initial public offering is approaching 40 times oversubscribed according to sources familiar with the matter, positioning it as potentially the year's most in-demand listing. The San Francisco-based design and collaboration software company raised its price range to $30-$32 per share from an initial $25-$
Technology
The Countdown Has Begun GPT-5 is almost here, and we're hearing good things. The early reactions from at least one person who's used the unreleased version were extremely positive. That's good news for OpenAI. The ChatGPT creator has been under pressure to show major
Technology
Google's Opal: The Search Giant's Answer to No-Code AI Development Google has entered the rapidly expanding "vibe-coding" market with Opal, a new experimental tool from Google Labs that lets you build and share powerful AI mini apps that chain together prompts, models, and tools
Technology
Uber announced this week that it will pilot its "Women Preferences" feature in three major U.S. cities—Detroit, Los Angeles, and San Francisco—starting next month. This long-awaited expansion brings a safety tool that has already powered over 100 million trips across 40 countries to the US.
Technology
$66 Million to Back the Next Generation of AI Builders Betaworks today announced that they have closed $66 million for Betaworks Fund 3.0 — a pre-seed/seed stage venture fund dedicated to investing in, building with, and supporting exceptional founders. Betaworks Fund 3.0 builds on the momentum of Fund