OpenAI scores billions

What we’ll cover today:

🤖 OpenAI grabs $8.3B in the AI arms race

🏦 Buffett warns tariffs could sting Berkshire

📈 What this means for investors and markets

OpenAI Bags $8.3B as AI Race Heats Up 🤖💰

OpenAI, the company behind ChatGPT, just grabbed $8.3B from big investors like Blackstone and Sequoia to fuel its AI growth.

🚨 Breaking News:
OpenAI’s revenue is skyrocketing and paid ChatGPT business users jumped from 3M to 5M in just months.

⚡ Wire Simplified –

• OpenAI raised $8.3B as part of a massive $40B funding round.

• Dragoneer put in the biggest chunk this round, $2.8B.

• Revenue hit $13B, expected to top $20B by year-end.

• Rivals like Anthropic are also raising billions.

• OpenAI is partnering with UAE’s G42 to build a huge data center.

✔️ Straight to the Point –
Big money is pouring into AI. It’s like the tech Olympics, and OpenAI just got a turbo boost.

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Buffett’s Berkshire Warns Tariffs Could Bite 🏦📉

Berkshire Hathaway, Warren Buffett’s giant empire, saw Q2 profits dip slightly and is worried about Trump’s new tariffs.

🚨 Breaking News:
Operating profit fell 4% to $11.16B, and Buffett’s cash stash is still massive, $344B.

⚡ Wire Simplified –

• Insurance underwriting profits dropped, but other sectors did well.

• Trump’s tariffs could hurt most of Berkshire’s businesses.

• Sold $4.5B in stocks this year, no buybacks so far.

• Wrote down $3.8B loss from Kraft Heinz investment.

• Buffett is stepping down as CEO end of 2025, Greg Abel will take over.

✔️ Straight to the Point –
Berkshire’s cash is safe for now, but tariffs are the storm clouds. The Buffett era is ending, Abel’s turn next.

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