Investor letter: Thrive's 2022 early-stage $516M fund that invested in OpenAI and SpaceX was worth $3.7B+ as of the end of June, net of fees and other charges — Thrive Capital's 2022 early-stage venture capital fund, a $516 million investment vehicle that made early bets on OpenAI …
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Source: OpenAI CFO told investors that enterprise business now generates more revenue than ChatGPT-led consumer business; enterprise customers grew 32% in July — At the end of a week of turmoil in OpenAI's C-suite, finance chief Sarah Friar held a meeting with investors on Friday …
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Sources: PayPal is in talks to sell itself to a group including Stripe and Advent, which proposed paying $60.50/share in July; PayPal is seeking a higher price — The fintech startup and private-equity firm Advent offered to buy the struggling payments company in July
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Risk report: Anthropic raises misalignment risk estimate from very low to low and says it doesn't plan to release a stronger internal model called “Model 2” — Anthropic does not plan to release an internal model that appears to be more powerful than top-of-the-line Mythos …
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Nevada granted Tesla a robotaxi permit, but capped the fleet at 10 vehicles, not 5,000 that Tesla sought, banned airport pickups, and ordered other restrictions — Tesla applied for a permit to deploy up to 5,000 robotaxis in Clark County, Nevada, but got approval from the state for just 10.
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