OpenAI Becomes World’s Largest Startup | Bloomberg Tech 10/2/2025
OpenAI, the artificial intelligence research company, has become the world's largest startup, with a valuation of $500 billion. This comes after the company closed a deal allowing current and former employees to sell their shares. In other tech news, Tesla reported a record-breaking surge in vehicle sales globally during the third quarter, as US buyers rushed to purchase vehicles before the expiration of tax credits. Meanwhile, Microsoft has secured over $33 billion in commitments from cloud providers, as the tech giant aims to address the shortage of AI data center capacity. These developments highlight the ongoing growth and evolution of the technology industry, with OpenAI's valuation underscoring the increasing importance of AI, while Tesla's sales and Microsoft's cloud investments demonstrate the continued demand for innovative products and services.
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