OpenAI has completed a deal to help employees sell shares in the company at a $500 billion valuation, propelling the ChatGPT owner past Elon Musk’s SpaceX to become the world’s largest startup. Current and former OpenAI employees sold about $6.6 billion of stock to investors including Thrive Capital, SoftBank, Dragoneer Investment Group, Abu Dhabi’s MGX and T. Rowe Price, a person familiar with the transaction said. That boosted the US company’s price tag well past its previous $300 billion level during a SoftBank-led financing round earlier this year.
Today’s guests: Kim Crawford, JPMorgan Asset Management Global Rates Portfolio Manager, Anna Esteban, CBRE Managing Director of Leasing & Occupier Accounts for Europe, Hannes Hofmann, Citi Private Bank Head of the Global Family Office Group
Chapters:
00:00:00 – The Pulse
00:01:16 – Tech Drives Stock Rally as OpenAI Fuels Optimism
00:06:56 – Kim Crawford, JPMorgan Asset Management Global Rates Portfolio Manager
00:09:57 – Apple Shelves Headset Revamp to Prioritize Meta-Like AI Glasses
00:16:30 – Hamas Pressed by Arab, Muslim States to Accept Plan
00:21:34 – Trump to Urge Xi to Buy Soybeans
00:24:51 – Von der Leyen: Russia Has to be Held Accountable
00:27:59 – Anna Esteban, CBRE Managing Director of Leasing & Occupier Accounts for Europe
00:35:52 – EU Moves to Unlock Billions in Russian Funds
00:45:22 – Citi Private Bank Head of the Global Family Office Group
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