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OpenAI’s talent exodus could be a ‘huge red flag,’ said one AI startup founder.
A soft labor market report reduces fears of a near-term rate hike.
The company raised around $1 billion in its IPO at a valuation of approximately $6.7 billion.
Microsoft’s and Amazon’s quarterly results eased market anxiety about technology companies’ heavy AI spending.
Much of the growth came from businesses outside their traditional consumer lending operations.
