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OpenAI secures $110B in new investment, bringing its pre-money valuation to $730B, with major tech players including SoftBank, NVIDIA, and Amazon leading the funding round.
Jack Dorsey's Block is cutting nearly half of its workforce, reducing 4,000 jobs as it focuses intensely on AI investments. The company aims to streamline operations and concentrate resources on AI-driven innovation.
A dozen venture capital firms that previously invested in OpenAI are now also backing Anthropic, challenging traditional investment ethics and raising concerns about conflict-of-interest rules in the AI sector.
