OpenAI Is ‘Definitely Not’ Too Big to Fail, Economist Says

OpenAI is reportedly entering a new fundraising round that could value the startup at as much as $830 billion, amidst growing concerns about a potential AI bubble affecting the tech industry. This valuation comes at a time when many tech-related companies are facing scrutiny over their financial sustainability.

The podcast and music industries have experienced significant shifts in 2025, highlighting the winners and losers amid evolving market dynamics. This year has seen podcast companies increasingly adapting to the growing video-creator economy, which emphasizes more visual and engaging content formats.

Patrick McGoldrick, managing partner at JPMorgan Private Capital, discussed the increasing overlap between public and private markets, particularly in the tech sector, where companies are remaining private longer and achieving unprecedented valuations. This trend was highlighted during his appearance on Bloomberg Tech with Caroline Hyde.

OpenAI CEO Sam Altman declared a 'code red' for the company's ChatGPT platform, emphasizing the urgent need for improvements amid rising competition from Google's Gemini 3. This declaration marks a significant moment for OpenAI, highlighting ongoing challenges in maintaining its leadership in the AI sector.

The US development-finance agency announced plans to significantly increase its funding, targeting investments in artificial intelligence data centers and critical minerals. This initiative reflects a strategic expansion aimed at enhancing the country's technological infrastructure and energy resources.

Michigan regulators have unanimously approved DTE Energy's request to power a new data center being developed by Oracle and OpenAI, despite public opposition during the hearing. This decision marks a significant step in the collaboration between these tech giants as they expand their data infrastructure in the state.

Palona AI, a startup founded by former Google and Meta engineers, has launched Palona Vision and Palona Workflow, marking a significant shift towards the restaurant and hospitality sectors. These new features aim to create a real-time operating system for restaurant operations, integrating various modalities such as cameras and task execution. This launch represents a strategic pivot from the company's initial focus when it debuted in early 2025 with $10 million in seed funding.

Anthropic has announced the launch of its Agent Skills technology as an open standard, aiming to enhance the capabilities of AI assistants in the enterprise software market. This initiative includes organization-wide management tools and a directory of partner-built skills from notable companies such as Atlassian, Figma, and Canva.