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WSJ What’s News

OpenAI Nearly Doubles Its Valuation. Turning For-Profit May Be Harder

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 2 October 2024

⏱️ 13 minutes

🧾️ Download transcript

Summary

P.M. Edition for Oct. 2. WSJ reporter Theo Francis on why converting the startup behind ChatGPT from a nonprofit to a for-profit company is enormously complex. And Wall Street Journal White House reporter Annie Linskey discusses how the devastation from Hurricane Helene in two crucial swing states means U.S. presidential candidates have to show command and empathy—without appearing to politicize a disaster. Plus, WSJ correspondent Georgi Kantchev explains why an archipelago above the Arctic Circle is emerging as a front line for Russia, China and NATO. Tracie Hunte hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

When Kate and Jervais founded Health and Her in 2019, they set out to transform Menopause care.

0:06.4

Through Barclay's Eagle Labs, they gained specialist industry and business expertise,

0:11.0

with support and training for the whole team.

0:13.0

But the story doesn't end here.

0:16.0

Because Health and Her are only just getting started,

0:19.0

selling at major UK retailers,

0:22.0

and making a real difference to thousands of lives.

0:25.0

Grow your business. Bank on Barclays.

0:28.0

Search Barclays business banking.

0:30.0

Open AI nearly doubled its valuation, but turning it into a real business may prove complex.

0:40.0

And how the devastation from Hurricane Helene scrambles the calculus for the

0:43.8

Harrison Trump campaigns. There's a lot of danger there because people who are

0:49.4

hurting and have lost their homes they don't really want to hear a blame game, they just want help.

0:55.0

Plus, why an archipelago high above the Arctic Circle is emerging as a potential military theater for Russia, China, and NATO.

1:04.5

It's Wednesday, October 2nd.

1:06.6

I'm Tracy Hunt for the Wall Street Journal.

1:08.8

This is a PM edition of What's News,

1:11.1

the top headlines and business stories that move the world today.

1:15.0

Open AI has raised $6.6 billion in new funding, capping a complex fundraising process that involved multiple tech giants and overseas

1:26.0

investors, as well as renewed scrutiny of the company's internal turmoil.

1:31.7

Investors are valuing the startup behind CHapp GPT at $157 billion.

1:37.0

This puts it on par with the market capitalizations of publicly traded household names,

...

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