You can set the private valuation of a company entirely based on how many shares you're buying and at what price. It is not like a formal valuation like you'd get in a public company. bsky.app/profile/fckf...

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OpenAI is also telling investors that it will now try and raise from high net worth individuals and “targeted family offices,” which sounds like pension funds, private credit and venture capital have given all they can or want to.

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Less than a month ago, OpenAI was looking to raise “at least” $30 billion at a valuation of $1.4 trillion. Today it raised $11 billion at $1.25 trillion valuation and faced “tepid” interest from investors. It is unclear what OpenAI does at this point. That’s not even a quarter’s compute.

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And don't forget plagiarized Michelle Obama' speech!!

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Wikimedia urged a split ruling in NYT v. OpenAI: AI training can be fair use, but chatbot replies reproducing source text should honor licenses like Wikipedia's CC BY-SA. wikimediafoundation.org/news/2026/10... #OpenSource

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