Bytes: Week in Review — OpenAI’s valuation doubles, biotech investment grows and a prescription giant is acquired

Marketplace Tech

American Public Media

Technology, News

4.6 • 1.2K Ratings

🗓️ 4 October 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

Investors are once again pouring money into biotechnology startups. But this time, it feels different from the heyday of 2021. We’ll be digging into the latest data for today’s Marketplace “Tech Bytes: Week in Review,” our roundup of the week’s top headlines, including some you might have missed.

We’ll also talk about a private equity deal with the country’s biggest digital pharmacy platform. But first, OpenAI closes a historic funding round. The maker of ChatGPT raised another $6.6 billion — valuing the company at $157 billion, double its worth earlier this year.

Our regular contributor Christina Farr, managing director with Manatt Health, joins Marketplace’s Meghan McCarty Carino to discuss the news.

Transcript

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0:00.0	Hi I'm Kai Rizdahl the host of How We Survive
0:03.4	It's a podcast from Marketplace. In 1986, before I was a journalist,
0:08.3	I was flying for the Navy.
0:09.7	Mr. Gorbachev, tear down this wall.
0:14.4	It was the cold war, and my first deployments were intercepting Russian bombers.
0:18.6	Today, though, there's another threat out there, climate change.
0:22.5	This could be the warmest year on record.
0:24.6	Climate change is here.
0:25.7	Temperatures here are warming faster than anywhere on Earth.
0:29.5	And while the threat seems new,
0:31.6	the Pentagon's been funding studies on climate change since the 1950s.
0:35.9	I think we will put our troops and our forces at higher risk if we don't recognize the impact of climate change.
0:44.7	This season, we go to the front lines of the climate crisis
0:47.5	to see how the military is preparing for the threat.
0:51.0	Listen to how we survive,
0:52.3	wherever you get your podcasts.
0:55.0	BioTech is back in the money.
0:59.0	From American Public Media, this is Marketplace Tech.
1:02.0	I'm Megan McCarty Carino.
1:03.7	Investors are once again pouring money into biotechnology startups, but this time feels
1:20.0	different than the hey day of 2021. We'll be digging into the latest data for today's marketplace
1:26.1	TechBites week in review. It's our roundup of some of the week's big headlines and maybe some you might have missed.
	...

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