OpenAI reported to investors that its annual revenue is $50 billion, which is $18 billion lower than the figure previously disclosed. This announcement negatively impacted the stock prices of companies including Nvidia, CoreWeave, Oracle, and Nebius.
Alphabet spinoff Isomorphic Labs is reportedly raising funding at a valuation of up to $50 billion. Meanwhile, the quantum computing sector saw Oratomic raise $475 million and Universal Quantum secure over $100 million in funding.
The U.S. government has barred Microsoft and other companies from participating in a federal program that allows businesses to sponsor employees for green cards. This decision follows allegations of fraud involving the H-1B system.
Several other funding rounds were reported this week: SignSplit raised $400 million, Mecka secured $60 million in a Series B round, Turba Labs raised nearly $52 million, Hadrian closed a $40 million round, Healthleap raised $38 million, and Clockwork.io secured $31 million.
