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The Forbes newsroom has been fighting for a fair union contract for three (3) years. Dragging this out is only good business for its lawyers.

NEW: OpenAI's targeted $150B valuation hinges on pulling off a corporate restructure — namely removing the profit cap for investors. If unsuccessful, it'd need to renegotiate the price, sources say. More on the terms at play, with Krystal Hu: reuters.com/technology/art…

Google offered to sell its ad marketplace AdX, which is under scrutiny in an EU probe, but the deal was rejected. It's the first time Google has offered to sell an asset in an antitrust case. Big scoop from my colleagues Foo Yun Chee and Jody Godoy: reuters.com/technology/goo…

🚨Hawk Tuah recently went viral for her rant on Blood Meridian🚨 “How can we describe the Judge as an otherworldly evil when he so clearly accentuates humanity’s need for violence? He is humanity at its purest form, driven by the things we all hold within us. The Judge is all.”

Scoop: Sam Altman is planning to take equity in OpenAI for the first time. It’s part of a corporate restructure which will also see the non-profit which currently governs OpenAI turn into a minority shareholder. Details from Krystal Hu and me: reuters.com/technology/art…

New statement from OpenAI board chair Bret Taylor confirms Reuters report yesterday that OpenAI is discussing compensating CEO Sam Altman with equity. No specific figures have been discussed, Taylor said. reuters.com/technology/art…

Oberon, Titania and Puck with Fairies Dancing, by William Blake, 1786

AI founders, it's time to check if you're on OpenAI's "dont' invest" list they told investors. w/Anna Tong Kenrick Cai reuters.com/technology/ope…

Scoop: we got an inside look at OpenAI's chip strategy--it's assembled a small team & leaning in w/ partners (Broadcom $AVGO TSMC $TSM) to make 1st inference chip while pausing the ambitious foundry network plan. Also adding $AMD chips alongside Nvidia bit.ly/4hnylVG

Inside Intel: how CEO Pat Gelsinger fumbled the revival of an American Icon With Jeffrey Dastin Dawn Chmielewski Fanny Potkin and Stephen Nellis reuters.com/technology/ins…

One of the largest AI IPOs in 2025: CoreWeave, just valued at $23 bln in a secondary sale, is targeting a val of $35 bln in IPO, sources told Echo Wang If happens, huge win for the few VCs (Nat Friedman & Daniel Gross) & many Wall Street PEs & Nvidia bit.ly/4g1xFUw

The formerly sleepy AI researcher conference NeurIPS Conference has gotten insane. Peak AI bubble??

I'm in Vancouver for NeurIPS until 12/16. Would love to hear from you about where AI is headed. Message me on Signal at kenrick.01 if we can meet up!

VC reporting in 2024: so many billions in one headline, and a $9.5 bln record round could still be 2x oversubscribed💸 Our latest on Databricks' high-profile funding with VCs and banks as it gets finalized next week--w/Kenrick Cai Echo Wang reuters.com/technology/dat…

When AI vies with Taylor Swift as the hot ticket in town --> a dispatch from NeurIPS Conference by Kenrick Cai Anna Tong and me. reuters.com/technology/art…

I’ve spent the past year+ working on a book about TikTok. It’s out in September. Pre-order now!! everyscreenontheplanet.com

scoop: a16z is seeking to raise a $20 billion fund for growth AI investments, the largest in the fund's history, sources told me & Anna Tong Kenrick Cai Non-US LPs see this as an opportunity to back US AI. New test for VC scale game after SoftBank VF. reut.rs/44iMZJE

Scoop: OpenAI is planning to add Google as a compute provider, sources tell Reuters. Google CEO Sundar Pichai and founder Sergey Brin have speculated in recent weeks that the AI race may not be winner-take-all. from Krystal Hu and me: reuters.com/business/retai…

Scoop: Google, Scale AI’s biggest customer, was planning to spend $200M this year, per sources. But it is moving fast to cut ties after Meta took a 49% stake in Scale this week. Other big customers are exploring similar. w/ Anna Tong Krystal Hu: reuters.com/business/googl…