Equity Monday: Hey look, OpenAI is even richer now

Equity

TechCrunch

News, Business, Entrepreneurship, Business News, Technology

4.2 • 372 Ratings

🗓️ 1 May 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Alex is back on the mic for your Monday rundown and digging into OpenAI, earnings, First Republic Bank, and ARM. Oh, and startups as well! It's another big earnings week, and we're excited to see how Uber, Coinbase, Apple and Hubspot have performed! First Republic Bank is no more. It wasn't shocking to see JPMorgan swooping it up, but we are once again seeing a small bank shutting shop and a big bank getting bigger. Not good! OpenAI is now even richer thanks to a $300 million investment from venture capitalists. It's amazing that the company sold just 1.1% of its equity for nine figures. And Alison raised capital just as AMD filed privately to go public. It's a busy start to the week! Hugs, and we'll be back Wednesday and Friday. For episode transcripts and more, head to Equity’s Simplecast website. Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders, one that details how our stories come together and more! Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hello and welcome back to Equity, the Tech Runch Podcast, where we unpack the numbers and the nuance behind the headlines.
0:17.0	It is May 1st, welcome to the new month, and that means we are one month of Q2 down.
0:23.0	So I hope that you are one third of the way to all of your OKRs and
0:26.8	KPI's if you are the DRI about that particular metric figure, or rating.
0:32.8	I'm kidding, but really, this quarter is flying by.
0:35.2	I mean, guys, we're two weeks away from the midpoint of Q2.
0:38.3	And that means, yes, we are still in the middle of earnings,
0:40.8	and that means that this week we shall hear from on Monday
0:43.3	Arista, SoFi and Cheg Tuesday according to my own research will bring us
0:47.6	AMD Uber and Sprout Social on Wednesday HubSpot and Etsy and then Thursday is going to be busy.
0:55.0	We're going to hear from Apple, Shopify, at Lassian, DoorDash, Data Dog, Coinbase,
1:00.1	Build.com, Dropbox 59, Lift and bumble and then Friday not much looking
1:05.8	backwards though last week Amazon did drop as we noted on the show and top lines
1:10.1	included slowing growth at AWS and the fact that these big tech companies are rich.
1:15.8	So what's on the show today?
1:16.8	Well, we're going to kick off with a look at the stock market, the crypto world.
1:20.2	Then first Republic, face planting to start the week.
1:23.0	Open AI is now somehow even richer,
1:25.6	and then to close, we have a neat startup round for you,
1:28.2	the genesis of all good social media and arm.
1:31.8	Kicking off. media and arm. kicking off with stocks shares are higher today in Asia and they are largely higher in
1:39.7	Europe to boot and set to open a little bit lower here in the US and more on why that is happening
	...

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