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- OpenAI Reportedly Raises $8.3B at $300B Valuation!
OpenAI Reportedly Raises $8.3B at $300B Valuation!
PLUS: Tim Cook says Apple is ‘open to’ AI acquisitions!
In this Newsletter Today:
OpenAI reportedly raises $8.3B at $300B valuation!
Tim Cook says Apple is ‘open to’ AI acquisitions!
Microsoft is killing off Windows 11 SE, its Chrome OS competitor!
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OpenAI reportedly raises $8.3B at $300B valuation!

OpenAI raised $8.3 billion at a $300 billion valuation, securing $40 billion this year, ahead of schedule and exceeding expectations as investors sought stakes in its rapidly growing success.
Things to Know:
Unprecedented Funding and Valuation: OpenAI's $8.3 billion funding round, valued at $300 billion, showcases its leadership in the AI sector, with Dragoneer Investment Group's $2.8 billion investment oversubscribed, making it one of the most valuable private companies globally.
Explosive Growth Metrics: OpenAI, with $12 billion annualized revenue and 700 million active users on ChatGPT, is rapidly growing, with projections of $20 billion by year-end, positioning it as a dominant AI force.
Strategic Investor Involvement: Dragoneer Investment Group, a $2.8 billion lead investor, is demonstrating confidence in OpenAI's future, citing its impressive growth and potential to shape the AI industry.
OpenAI's significant funding round signals the rapid pace of AI innovation, potentially reshaping industries like healthcare, finance, and education, paving the way for a new era of technological advancement.
Tim Cook says Apple is ‘open to’ AI acquisitions!

Apple is boosting its AI investment and pursuing mergers and acquisitions to regain its edge in the tech industry, despite competitors like Meta poaching top talent.
Things to Know:
Apple Eyes M&A for AI Leap: Apple CEO Tim Cook is exploring mergers and acquisitions to boost AI investment and catch up with competitors, as efforts like Apple Intelligence fall behind.
Core Businesses Thrive Amid AI Challenges: Apple's financials show strength despite AI challenges, with a 10% revenue increase, a 13% YoY iPhone business, $8.1 billion Mac revenue, and an all-time high $27.4 billion services.
Talent Wars: Meta's recruitment of Apple's top engineers is putting pressure on the company's AI ambitions, underscoring the competitive nature of the AI sector.
Apple's aggressive AI push and strategic acquisitions could disrupt the tech industry, intensifying the race for AI supremacy and highlighting the high stakes in the expertise battle.
Microsoft is killing off Windows 11 SE, its Chrome OS competitor!

Microsoft is ending its efforts to compete with Google's Chromebook in the education market, marking the end of its latest push against low-cost laptops.
Things to Know:
Windows 11 SE couldn’t sway schools from Chromebooks.
Windows 11 SE, introduced in 2021, was designed for education, offering a budget-friendly OS, but failed to convince schools to switch to Chromebooks due to their affordability and simplicity.Support ends in October 2026, with no new updates.
Microsoft will cease support for Windows 11 SE in October 2026, preventing the 25H2 update from reaching these devices, leaving them on the 24H2 version until the end.S Mode was another misstep in Microsoft’s Chrome OS fight.
Microsoft's previous attempt at S Mode in Windows 10, restricting users to Microsoft Store apps, failed to significantly impact Chrome OS's lead.
Microsoft's exit from Windows 11 SE could disrupt the education tech market, potentially allowing new innovation while highlighting Microsoft's struggle to match Chrome OS's cloud-driven approach.
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