In other tech news, Apple has released new developer betas for iOS 18.1, iPadOS 18.1, and macOS 15.1 Sequoia, introducing new Apple Intelligence features. New Enterprise Associates (NEA) has raised over $468 million for its Secondary Opportunity Fund. Bolt, a one-click checkout tech company, is awaiting shareholder approval for a funding round that would see founder Ryan Breslow return as CEO. Reddit's mobile and web applications experienced an outage, with over 150,000 users reporting issues.
Key takeaways:
- OpenAI is reportedly in talks to raise a massive tranche of cash led by previous backer Thrive Capital, at a valuation of more than $100 billion, which is the highest valuation of any AI startup to date.
- Microsoft is also expected to participate in the funding round, which is set to be OpenAI’s biggest outside infusion of capital since January 2023.
- OpenAI is on track to lose nearly $5 billion by year end, having already burned through $8.5 billion on AI training and staffing.
- Other tech news include Apple's new developer betas for iOS 18.1, iPadOS 18.1, and macOS 15.1 Sequoia, and Reddit's mobile and web applications experiencing an outage.