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WSJ Tech News Briefing

TNB Tech Minute: OpenAI Completes Silicon Valley’s Largest-Ever Funding Round

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.31.7K Ratings

🗓️ 31 March 2026

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus: Oracle lays off workers as it continues to invest heavily in AI. And Amazon signs deal to provide in-flight Wi-Fi on Delta Air Lines flights. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I think the potential of Agenic is to rethink how work gets done overall. It challenges all sorts

0:06.5

of traditional orthodoxies around how organizations execute the work at hand. That's Jason Gersatus,

0:12.6

CEO of Deloitte U.S., talking about the transformational potential of Agenic AI. Join him later to

0:19.0

learn why agents are a game changer for businesses across industries.

0:24.4

Here's your afternoon, TNB Tech Minute, for Tuesday, March 31st. I'm Julie Chang for the Wall Street

0:30.6

Journal. Open AI completed the largest funding round in Silicon Valley history, raising $122 billion. The deal shows how the

0:40.3

Chachipi-T maker is diversifying its shareholder base ahead of its planned IPO, which is expected by

0:46.3

the end of the year. As part of the financing, OpenAI raised more than $3 billion from

0:51.9

wealthy investors through banks and said it would be included in several

0:55.5

exchange traded funds managed by Ark Invest. Amazon, NVIDIA, and SoftBank also committed $110 billion

1:02.6

to the funding round, while additional cash came from Silicon Valley and Wall Street investment firms.

1:09.2

Oracle began to significantly lay off its workforce today.

1:13.5

The cuts come as the cloud and database company invests in costly data centers for AI.

1:18.8

According to employees and several posts on LinkedIn, Oracle is cutting jobs across its business lines.

1:25.6

Some affected staff told the journal they received an early morning

1:28.5

email from Oracle leadership, informing them that it was their last day. The full scope of the

1:34.1

layoffs isn't yet clear, but some employees said internal metrics show reduction so far in the

1:39.7

thousands. Representatives for Oracle declined to comment. Shares in the company are down nearly 50% in the past six months, as investors express concern about its data center financing plan. And Amazon has secured a deal to provide internet access on Delta Airlines flights. Delta said it plans to use Amazon's Leo satellite internet business for in-flight

2:02.6

Wi-Fi on an initial 500 aircraft starting in 2028. Terms of the deal weren't disclosed. Delta's choice

2:10.5

intensifies competition in the satellite internet industry. JetBlue Airways also has an agreement to

2:16.1

use Amazon service on a portion of its fleet,

2:18.9

but SpaceX's Starlink has become a dominant provider for airlines, signing up customers,

...

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