PODCAST: DHP Villains: Woodrow Wilson, Part 10

New OpenAI Funding Round Could Top $100 Billion, Pushing Valuation North Of $850 Billion OpenAI's private valuation could soon top $850 billion, as the first tranche of a new funding round is expected to raise more than $100 billion, giving the ChatGPT maker fresh powder for additional infrastructure spending and faster development of its AI tools, Bloomberg reported. People familiar with the fundraising told the outlet that the ChatGPT maker's valuation could exceed $850 billion, with a reported pre-money valuation of $730 billion. The first phase of the funding round is being...

PayPal Shares Jump Again After "Large Rival" Suitor Revealed As Stripe Update (1558ET): Bloomberg reports that payment processor Stripe has expressed interest in PayPal, a day after the outlet first reported that a "large rival" suitor was exploring a takeover of the payments platform. Bloomberg: STRIPE IS CONSIDERING AN ACQUISITION OF ALL OR PARTS OF PAYPAL STRIPE HAS EXPRESSED PRELIMINARY INTEREST: SOURCES Before the first Bloomberg report hit, PayPal shares in New York were at 2017 lows (with a market capitalization of around $37 billion) and were down more than 85% from the 2021 high...