Welcome to the Tech Brew Ride Home for Wednesday, April 1st, 26. I'm Brian McCullough today. Open AI closes a monster round, but does Anthropic continue to steal their thunder?

Is that Anthropic coat leak from yesterday a bigger deal for them than I thought it was?

What can happen when all the self-driving cars shut down at once,

and you are finally able to change that embarrassing Gmail account you've been living with for years.

Here's what you miss today in the world of tech.

OpenAI has officially closed $122 billion in committed capital led by Softbank, A16Z, and others,

and an $852 billion post-money valuation after previously saying the round would only total

$110 billion, so they got $12 billion more. Quoting CNBC.

Open AI said Tuesday that it's generating $2 billion in revenue per month.

It made $13.1 billion in revenue last year. The company is still burning cash and is not yet

profitable, but the company also notes that enterprise sales now account for more than 40% of

revenue and enterprise is on track to reach parity with consumer sales by the end of

2026. In February, Open AI revealed $110 billion of commitments from some of its strategic

investors that anchored its funding round. Amazon agreed to invest up to $50 billion in the

startup. Invita invested $30 billion and SoftBank invested also $ 30 billion. The additional 12 billion in capital

that Open AI raised came from a broader pool of investors. Open AI said it extended

participation to investors through bank channels for the first time and raised $3 billion

from individual investors, end quote. More on that from the FT, quote.

OpenAI has tapped retail investors for the first time through a trio of banks and exchange

traded funds managed by Kathy Woods' Ark Invest.

The company framed their participation as a way of giving more people the opportunity to share

in the upside economics of OpenAI and the AI era.

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