Larry Ellison’s betting everything on OpenAI. Will it pay off or pop the bubble?
… OpenAI is racing to beat Anthropic and Musk’s xAI, which has been subsumed by SpaceX and is trying to IPO this summer. SpaceX is seeking a valuation of $1 trillion or more. OpenAI’s most recent funding round gave it a valuation of more than $850 billion. …