Broadcom to close $69bn VMWare acquisition, Zoom Q3 earnings, OpenAI talent poaching

Broadcom to close its $69 billion acquisition of cloud computing firm VMWare on Wednesday, wrapping up one of the biggest takeover deals in the technology industry. - Link 

Microsoft CEO Satya Nadella on CNBC and Bloomberg TV said that it’s possible Sam Altman, who was fired from his role as CEO at OpenAI, could return to OpenAI despite Altman announcing he intended to join a newly-formed AI research team at Microsoft. - Link

Zoom reports Q3 revenue up 3.2% YoY to $1.14B, vs. $1.12B est., enterprise revenue up 7.5% to $661M, above estimates, and enterprise customers up 5% to 219,700. - Link

Baidu reports Q3 revenue up 6% YoY to ~$4.8B and a ~$940M net income, both above est., as its new AI tools shield the company from China's economic downturn. - Link

Google executive Don Harrison said during testimony in the Epic vs Google trial that a deal with Spotify allows them to pay 0 percent commission when users choose to buy subscriptions through Spotify’s own system. - Link

MasterClass. Learn from the world's best minds - anytime, anywhere, and at your own pace. Get 15% off an annual membership to MasterClass at masterclass.com/startups.

OpenAI Chaos Continues with Sunny Madra, David Sacks, and Jason. The three recap the chaotic past few days at OpenAI plus some immediate impacts from the fallout. David Sacks joins the show and explains why this situation is so unprecedented in Silicon Valley. - Watch

Salesforce CEO Marc Benioff, posted on X that “Salesforce will match any OpenAI researcher who has tendered their resignation full cash & equity OTE to immediately join our Salesforce Einstein Trusted AI research team under Silvio Savarese. Send me your cv directly to [email protected]. - Link

Source: OpenAI's board approached Anthropic CEO Dario Amodei about a potential merger as part of an effort to persuade Amodei to replace Sam Altman as CEO. - Link

This Week in Startups

E1852: OpenAI Chaos Continues with Sunny Madra and David Sacks

E1850: Real-time AI-powered design with Krea CEO Victor Perez

E1849: Avoiding Accidental Tax Fraud | Startup Finance Basics w/ Kruze's Scott Orn

E1848: Engineering an AI-powered doctor’s office with Forward CEO Adrian Aoun

E1847: PrayingForExits on the rush into defense tech, “innovator’s sprint,” & global VC markets

LinkedIn Jobs - Post your first job for free

Miro - Sign up for a free account

NetSuite - Download your free KPI Checklist