OpenAI’s investment into Thrive Holdings is its latest circular deal

Analysts will be watching to see if Thrive-owned firms actually succeed in building long-term profitable businesses using OpenAI’s tech, or if the result is really just pumped up valuations based on speculative market potential. 

Nvidia’s $2B Synopsys bet tightens its grip on the chip-design stack

The $2 billion investment in Synopsys, which makes software and components for designing semiconductor chips, deepens their existing partnership at a time when analysts scrutinize circular AI-industry deals and warn of a potential bubble.

Amazon’s AI chatbot Rufus drove sales on Black Friday

On Black Friday, Amazon sessions that resulted in a sale were up 100% in the U.S. when the AI chatbot Rufus was used. They only increased by 20% when Rufus wasn’t used.

How AI PR startup Clipbook won Mark Cuban’s investment from a cold email 

Adam Joseph was shocked when Mark Cuban replied to his email with an inquisition full of questions.

Black Forest Labs raises $300M at $3.25B valuation

The round was co-led by Salesforce Ventures and Anjney Midha (AMP), and saw participation from a16z, NVIDIA, Northzone, Creandum, Earlybird VC, BroadLight Capital, General Catalyst, Temasek, Bain Capital Ventures, Air Street Capital, Visionaries Club, Canva and Figma Ventures.

Korea’s Coupang says data breach exposed nearly 34M customers’ personal information

E-commerce company Coupang has confirmed a massive data breach affecting 33.7 million customer accounts in South Korea.

Varda says it has proven space manufacturing works — now it wants to make it boring

CEO Will Bruey says people often get Varda wrong. The company isn’t “in the space industry; we’re in-space industry,” he said. Space is “just another place to ship to.”

‘Avatar’ director James Cameron says generative AI is ‘horrifying’

James Cameron’s movies are often at the cutting edge of visual effects technology, but that doesn’t make him a fan of generative AI.

New report examines how David Sacks might profit from Trump administration role

David Sacks’ role as President Donald Trump’s artificial intelligence and crypto czar could work out very well for his investments, according to a new report. However, Sacks fired back, calling the story a “nothing burger.”

ChatGPT launched three years ago today

It’s no hyperbole to suggest that ChatGPT subsequently transformed the worlds of business and tech.