Microsoft: We have spent over $100 billion on OpenAI deal

$100B

Each day of the Musk v. Altman trial in Oakland, California, more details of Microsoft’s complicated $13 billion partnership emerge from the courtroom.

Yesterday, Microsoft executive Michael Wetter said that the company has spent over $100 billion on the OpenAI partnership. A big chunk of that came from the fact that Microsoft needed to build the costly infrastructure before OpenAI could use it, according to Wetter.

Microsoft’s investment looks like it was worth it, as OpenAI is currently valued at $852 billion, making Microsoft’s stake worth about $135 billion. OpenAI is planning for an IPO later this year.

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Jon Keegan

Anthropic in talks for funding at a valuation as high as $950 billion, which would make it bigger than OpenAI

An improbable, parabolic rise in valuation has rocketed Anthropic past the presumed leader, OpenAI.

Rani Molla6h

Alphabet’s Waymo to add 200 square miles of coverage area to existing markets

Waymo, a subsidiary of Alphabet, announced today that it’s expanding its coverage area by 200 square miles in several existing markets, including Miami, the San Francisco Bay Area, Houston, Austin, and Atlanta. That will bring its total coverage area to more than 1,400 square miles. The autonomous car service is currently offering public rides in 11 markets, after expanding to Nashville last month.

25%

Rani Molla6h

AI companies are amping up their spending in Washington as they push for federal approval for more data centers and industry-friendly rules regarding their use of copyrighted material, among other asks, The New York Times reports, citing data from nonprofit watchdog Public Citizen. 25% of currently registered federal lobbyists are now involved in pushing AI interests. That’s more than double what it was — 11% — in 2023. Meta, Nvidia, and Alphabet spent $47.8 million combined last year, up 22% from 2024.

FINAL BOSS

SUBSCRIPTION TRUCKING

Rani Molla

Rani Molla7h

Microsoft’s LinkedIn to lay off 5% of staff, Reuters reports

Reuters is reporting that Microsoft subsidiary LinkedIn is preparing to lay off 5% of its 17,500 staff, the latest in a string of tech cutbacks this year. Reuters doesn’t yet know what teams are affected, but a source said the reason wasn’t AI replacing jobs. LinkedIn sales rose 12% last quarter compared with a year earlier, representing accelerating growth.

Exclusive: LinkedIn planning to lay off 5% of staff in latest tech-sector cuts, source says

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