Stripe raises $6.5B, Microsoft integrates GPT-4, First Republic weighs sale

Stripe raised a $6.5B Series I at a $50B valuation, with all proceeds going toward covering tax obligations related to expiring RSUs and a new tender offer for employees - Link

Microsoft announced that Bing search is now running a customized version of OpenAI’s new GPT-4 model - Link

The Information sources: Microsoft is expected to announce a suite of GPT-4 powered Office 365 tools on Thursday, despite recently facing a shortage of server hardware needed to power its OpenAI integrations - Link

Bloomberg sources: After having its rating reduced to “junk” by S&P Global and Fitch Ratings on Wednesday, First Republic Bank is weighing options for increasing liquidity, including a sale - Link

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Alora CEO and Co-Founder Luke Young joins Molly to discuss ocean agriculture and the ability to grow crops offshore (1:17). They discuss the progression of engineering that has propelled Alora’s innovations (11:55) and the challenges of growing at sea (21:53). - Link

LinkedIn will integrate OpenAI’s GPT-4 and GPT-3.5 models onto its platform to provide users with ai-powered writing prompts for job descriptions and profile pages - Link

WSJ sources: The Biden administration is demanding that TikTok’s Chinese owners sell their stakes and divest from the app or face a ban in the US - Link

Bloomberg sources: Abu Dhabi-based G42 purchased a $100M stake in ByteDance, valuing the company at $220B; the company’s valuation has dropped from $300B due to TikTok’s uncertain future in the US - Link

SpaceX launched Starlink Roam, a $150-200/month satellite package that features a global roaming option; the service was formerly known as Starlink RV - Link

E1698: How ocean farming can solve world hunger with Alora CEO Luke Young

E1697: Silicon Valley Bank collapse recap + Wist CEO on capturing XR memories

E1696: EMERGENCY POD: $SVIB implodes, contagion risk, advice for founders, and what’s next?

E1695: Stripe to raise $6B, $SIVB drops 60%, generative AI funding

E1694: Ask an Angel! Startup funding overview, investor red flags, negotiating early-stage terms

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