OPENAI:

- Raising $30B at $1.5T privately as a bridge to IPO

- Announced Dots today, their answer to Meta’s Muse

looks like the agent wars are heating up

no matter what agent consumers choose to use, it feels like they might get commoditized like LLMs with *some* first mover advantage that is currently benefiting $Meta Platforms(META.US)

but, more agents means…so much more compute

which is probably why semis have continued to do well over the past 2 weeks as the agent wars have become more aggressive

also probably why Nvidia $NVIDIA(NVDA.US) just announced a $150B buyback

and probably why the market doesn’t care about bond yields 😂

Source: amit