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Follow-up to Oct 23: OpenAI secures about $11 billion in commitments, per WSJ
The Wall Street Journal reports that OpenAI has secured roughly $11 billion in commitments for its latest round at a $1.25 trillion valuation. Its sources say the company now hopes to raise up to $20 billion, versus the original $30 billion target, and expects to seek more money in coming weeks.
ThereforeThe Journal says OpenAI plans to seek money from family offices and wealthy individuals after tepid interest from some large investors.
Wall Street Journal (paywall)Copy link to: Follow-up to Oct 23: OpenAI secures about $11 billion in commitments, per WSJ
Also
Neoclouds face bond-market constraints, per WSJ
The Journal reports that CoreWeave, Nebius and Nscale have effectively been shut out of new bond offerings in recent weeks; Nebius says asset-backed financing remains available.
ThereforeCoreWeave bonds now yield above 15%, indicating substantially higher borrowing costs.
Wall Street Journal (paywall)Copy link to: Neoclouds face bond-market constraints, per WSJ
Parameter discloses fixed ChatGPT private-chat theft flaw
Parameter says a malicious shared conversation could execute attacker code in another user's signed-in ChatGPT session; OpenAI fixed the flaw on October 26.
ThereforeIn the researchers' controlled test, private conversations the victim had never shared could be read and selected data sent to an external server.
Parameter researchCopy link to: Parameter discloses fixed ChatGPT private-chat theft flaw
Baseten nears $2 billion round, Bloomberg reports
Per Investing.com, citing Bloomberg, the inference startup is nearing financing in two tranches at $26 billion and $30 billion valuations.
Investing.com reportCopy link to: Baseten nears $2 billion round, Bloomberg reports
Follow-up to Oct 29: Reddit falls 29.22% after weak guidance
CNBC reports a record daily decline after below-consensus fourth-quarter sales guidance; CEO Steve Huffman separately told CNBC that AI had cut Google search referrals meaningfully that quarter.
ThereforeAnalysts say referral losses and upcoming login tests put more pressure on revenue per user.
CNBC earnings coverageCopy link to: Follow-up to Oct 29: Reddit falls 29.22% after weak guidance
Tools & releases
Apple schedules China Intelligence beta for November 4
Apple announced a developer beta ahead of December's iOS 27.3 release, including writing tools, translation and Qwen integration.
Apple China announcement · The Verge rollout coverageCopy link to: Apple schedules China Intelligence beta for November 4