Here's your morning TNB Tech Minute for Thursday, October 2nd. I'm Zoe Colkin for the Wall Street Journal.

OpenAI has completed a deal with investors that values the company at around $500 billion. That's

according to people familiar with the matter. The valuation puts the company on par with global

corporate Goliaths, just three years after launching its flagship product.

A group, including current investors SoftBank and MGX, paid about $6.6 billion to buy shares owned by OpenAI employees,

finalizing a deal that was in the works this summer.

Speaking of OpenAI, shares of Samsung Electronics and SK Hynix have hit multi-year highs

after they struck initial agreements with the company for its Stargate AI infrastructure

project.

OpenAI said the partnerships will focus on boosting the supply of advanced memory chips,

as well as the expansion of data centers.

It also signed a series of agreements with South Korea's science ministry and other local

companies to support the country's goal of becoming a global leader in the AI space.

No deal value was disclosed.

And Tesla's global vehicle deliveries grew 7.4% in the third quarter from a year ago,

aided in part by U.S. customers rushing to take advantage of the $7,500 federal EV credit that expired at the end of September.

The final quarterly tally of Tesla's delivered was a record at more than $497,000, beating analyst's

expectation of $456,000. That's according to FACSET.

Tesla's stock is near an all-time high, with the share price closing yesterday 21% higher than at the start of the year.

That's your TNB Tech Minute. Join us again this afternoon for more.