OpenAI Raises Record-Breaking $6.6B & Jeep Sales Are Plummeting

Morning Brew Daily

Morning Brew

Business News, News, Business

4.4 • 3K Ratings

🗓️ 3 October 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 423: Toby and Kyle discuss OpenAI’s massive $6.6B funding round, which makes it the largest VC deal of all-time. Then, Chrysler and Jeep owner Stellantis posts weak sales that is not only upsetting shareholders but car dealers who’ve been holding its cars that no one is buying. Plus, Michael Jordan is taking on NASCAR with an antitrust lawsuit alleging the car league is making sure it stays dominant. Meanwhile, Toby will be sharing numbers on nonalcoholic champagne and politicians love their steak. Kyle shares numbers behind the partnership between SpongeBob and Wendy's. Lastly, Target launches innovative shoes that grow with your feet, Subscribe to Morning Brew Daily for more of the news you need to start your day. Share the show with a friend, and leave us a review on your favorite podcast app. To learn more about how Wise could work for your business, visit https://wise.com/business/ Get your Morning Brew Daily T-Shirt HERE: https://shop.morningbrew.com/products/morning-brew-radio-t-shirt?_pos=1&_sid=6b0bc409d&_ss=r&variant=45353879044316 Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow 00:00 - Mean Girls Day 02:45 - OpenAI Fundraising 07:30 - Stellantis Struggles 10:50 - MJ vs Nascar 15:30 - Toby’s Tallies 21:40 - Kyle’s Kalculations 24:10 - Expanding Shoes Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey Fidelity, how can I remember to invest every month?
0:04.4	With the Fidelity app, you can choose a schedule and set up recurring investments in stocks and EDFs.
0:11.9	Oh, that sounds easier than I thought.
0:14.0	You got this.
0:15.0	Yeah, I do.
0:17.0	Now, where did I put my keys?
0:19.0	You will find them where you left them.
0:22.0	Investing involves risk, including risk of loss. them.
0:25.0	Investing involves risk including risk of loss. Fidelity Broker Services LLC member NYC S.I.
0:27.0	S. I.
0:28.0	Good morning Brew Daily Show. I'm Toby Howell and I'm Kyle Heggy.
0:35.1	Today open AI just closed the single biggest VC round in history and why Michael
0:41.1	Jordan is suing NASCAR?
0:43.0	It's Thursday, October 3rd.
0:45.0	Let's ride.
0:47.0	Kyle is back in the studio as Neil is taking a much deserved break and you could not
0:56.5	have joined the show on a better day because today October 3rd is Mean Girls Day
1:01.8	for those of you not steeped in Mean Girls' lore,
1:05.0	early in the movie, the character played by Lindsay Lohan
1:08.0	recounts her first interaction with her crush saying,
1:10.0	on October 3rd, he asked me what, it was.
1:13.0	So from that fateful moment onwards,
	...

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