OpenAI completes its for-profit recapitalization
OpenAI has completed its recapitalization, splitting the AI lab into a for-profit corporation nested inside a non-profit foundation.
Navan IPO tumbles 20% after historic debut under SEC shutdown workaround
Navan finished its first day trading at an approximate valuation of $4.7 billion, which is about half of its last private valuation of $9.2 billion.
Others
She Worked in High-Pressure Kitchens — Then Used the Experience to Start Her Critically Acclaimed Restaurant
Yara Herrera didn’t dream of becoming a chef, but she stumbled into the career.
TechCrunch Disrupt 2025: Day 2
Second day of TechCrunch Disrupt 2025 at San Francisco’s Moscone West. Here’s the rundown to what to expect, including the 50% discount on passes for remainder of the event.
Amazon to cut 14,000 corporate jobs
Amazon said on Tuesday that it plans to reduce its corporate workforce by 14,000 jobs as it seeks to reduce bureaucracy, remove layers and invest more in its AI strategy.
Want to Build a Creator Business? Follow this 5-Step Blueprint from the CEO of Dear Media
Your media product is just a launchpad, says Dear Media CEO Michael Bosstick
Stock Up on Office Snacks and Supplies for Less With This One-Year Costco Membership for Just $65
A brilliant pre-holiday investment—especially when you also get a $40 Digital Costco Shop Card.
Adobe Firefly Image 5 brings support for layers, will let creators make custom models
Adobe said on Tuesday that it is launching the latest iteration of its image generation model, Firefly Image 5. The company is also adding features to the Firefly website, support for more third-party models, and the ability to generate speech and soundtracks.
PayPal partners with OpenAI to let users pay for their shopping within ChatGPT
Paypal said on Tuesday that it is adopting a protocol in combination with OpenAI’s “Instant Checkout” feature to let users pay for their shopping directly within ChatGPT, starting in 2026.
OpenAI offers free ChatGPT Go for one year to all users in India
ChatGPT Go is now free for Indian users under a limited-time promotional offer.
Venture capital is not an asset class, says Sequoia’s Roelof Botha
Sequoia’s managing partner Roelof Botha noted that there are currently 3,000 venture firms in the United States, while there were just 1,000 when he joined Sequoia 20 years ago.