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🗓️ 28 March 2025
⏱️ 3 minutes
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0:00.0 | So, you want to be a marketer. It's easy. You just have to score a ton of leads and figure out a way to turn them all into customers. Plus manage a dozen channels, write a million blogs and launch 100 campaigns all at once. When that's done, simply make your socials go viral and bring in record profits. No sweat. Okay, fine. It's a lot of sweat. But with HubSpot's AI-powered marketing tools, |
0:23.2 | launching benchmark-breaking campaigns is easier than ever. Get started at HubSpot.com slash marketers. |
0:31.4 | Here's your TNB Tech Minute for Friday, March 28th. I'm Victoria Craig for the Wall Street Journal. |
0:39.2 | We're exclusively reporting that ChatGPT's parent company, OpenAI, is finalizing a $40 billion funding round that would be one |
0:46.0 | of the biggest startup fundraisers of all time. But there's a catch. The nonprofit company must |
0:52.5 | successfully restructure itself into a for-profit one. If it fails to do so, lead investor SoftBank can shrink the funding round size by half. |
1:02.5 | Pressure has mounted for such a transition after Sam Altman was removed briefly as CEO in late 2023. |
1:09.6 | At the time, OpenAI's board said Altman wasn't consistently honest in his |
1:13.8 | communications. That led investors to argue that it was the non-profit structure that carried too |
1:19.5 | many risks. News Corp, owner of the Wall Street Journal, has a content licensing partnership |
1:24.5 | with OpenAI. Elsewhere, what was supposed to be the flashiest stock |
1:29.2 | market debut of the year turned into a high-profile stumble. Corweave, which rents access to its |
1:34.9 | stash of Nvidia servers, made its debut on the NASDAQ stock exchange today. It began trading |
1:40.4 | about four hours after the broader market open and just under its IPO price of $40. |
1:46.6 | Though it passed that threshold during the remainder of the session, it traded well below the $47 to $55 range the company targeted during its roadshow for investors. |
1:56.4 | The lackluster start for core weave is a sign of cooling market demand for AI-focused startups, and it |
2:02.7 | illustrates the difficulty for companies hoping to make their way to the public markets this year. |
2:08.1 | WSJ's Corey Dreebush explains the worry for investors. |
2:11.3 | There are company-specific issues, and investors said no. We don't really want to pay that much. And they also had concerns |
2:21.8 | about the sustainability of the AI boom. And obviously, companies right now are spending |
2:26.6 | hundreds of billions of dollars in AI. But how sustainable is that? Corweave shares and did |
2:32.0 | Friday's trading session, little changed. Finally, President Trump |
... |
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