EP-98 Openai’s $100b Valuation 🚀, Brazil Suspends Musk’s X 📵, California’s Ai Bill Sb 1047 🏛️

AI Briefing Room

welcome to wall-e's tech briefing for monday, september 2! here's a look at today's top tech headlines:

• openai’s skyrocketing valuation: investors value openai at over $100 billion on the secondaries market. the wall street journal reports openai is in talks for a new $1 billion funding round, potentially led by thrive capital, boosting valuations for other ai firms.
• brazil suspends elon musk’s x platform: x faces a country-wide suspension by brazil’s top court following a dispute over content moderation. vpn users trying to bypass the ban risk hefty fines.
• california's ai bill sb 1047: california's ai safety bill passes the state senate, awaiting governor newsom’s approval. the bill introduces stringent safety protocols and a board to oversee compliance, sparking debate over its potential impact on innovation and startups.
• mongodb’s strong q2 performance: mongodb shares surge 16% after reporting $0.70 earnings per share and $478.1 million revenue. the company raises full-year guidance, attributing growth to its atlas cloud database adoption.
• dell's quarterly results: dell beats wall street estimates with $25.03 billion in revenue, driven by an 80% increase in server sales due to ai demand. however, its storage business sees a 5% decline.

stay tuned for more tech updates tomorrow!