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OpenAI now worth $500 billion, possibly making it the world’s most valuable startup

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OpenAI now worth 0 billion, possibly making it the world’s most valuable startup


The OpenAI logo appears on a mobile phone in front of a computer screen with random binary data, March 9, 2023, in Boston. Credit: AP Photo/Michael Dwyer, File

OpenAI could now be the world’s most valuable startup, ahead of Elon Musk’s SpaceX and TikTok’s parent company ByteDance, after a secondary stock sale designed to retain employees at the ChatGPT maker.

Current and former OpenAI employees sold $6.6 billion in shares to a group of investors, pushing the privately held artificial intelligence company’s valuation to $500 billion, according to a source with knowledge of the deal who was not authorized to discuss it publicly.

The investors buying the shares included Thrive Capital, Dragoneer Investment Group and T. Rowe Price, along with Japanese tech giant SoftBank and the United Arab Emirates’ MGX, the source said Thursday.

The valuation reflects high expectations for the future of AI technology and continues OpenAI’s remarkable trajectory from its start as a nonprofit research lab in 2015.

But with the San Francisco-based company not yet turning a profit, it could also amplify concerns about an AI bubble if the generative AI products made by OpenAI and its competitors don’t meet the expectations of investors pouring billions of dollars into research and development.

OpenAI CEO Sam Altman has sought to dismiss those concerns, most recently last week, when he toured a massive data center complex being built to run the company’s AI systems in Abilene, Texas.

“Between the ten years we’ve already been operating and the many decades ahead of us, there will be booms and busts,” Altman said after being asked about a bubble. “People will overinvest and lose money, and underinvest and lose a lot of revenue.”

He added that “we’ll make some dumb capital allocations” and there will be short-term ups and downs but that “over the arc that we have to plan over, we are confident that this technology will drive a new wave of unprecedented economic growth,” along with scientific breakthroughs, improvements to quality of life and “new ways to express creativity.”

OpenAI now worth $500 billion, possibly making it the world's most valuable startup
An entrance to the Stargate artificial intelligence data center complex in Abilene, Texas on Monday, Sept. 22, 2025. Credit: AP Photo/Matt O’Brien

Just this week, the company launched two different business ventures, one a partnership with Etsy and Shopify for online shopping through ChatGPT and another a social media app, Sora, for generating and sharing AI videos.

OpenAI has been struggling to offer investors and staff the same perks and compensation as the publicly traded tech giants with which it competes. Facebook parent Meta Platforms, in particular, has been on a hiring spree for elite AI engineers and in June made a $14.3 billion investment in AI company Scale that recruited its CEO Alexandr Wang.

OpenAI’s for-profit subsidiary, valued at $500 billion, is technically controlled by the board of OpenAI’s nonprofit and both are still bound to pursue the nonprofit’s charitable purpose.

OpenAI’s partnerships with major companies and its plans to change its corporate structure have drawn the scrutiny of regulators, including the attorneys general of California and Delaware, who oversee charitable organizations that operate or are incorporated in their states.

The company has made big deals in recent weeks with Oracle and SoftBank, its partners on a data center venture called Stargate, and with chipmaker Nvidia, which makes the specialized AI chips those data centers need. At the same time, it has lessened its reliance on longtime backer Microsoft.

In September, OpenAI announced it had reached a tentative agreement with Microsoft about the future stake of its nonprofit in its for-profit corporation but released few details.

It also opened applications for nonprofits to apply for $50 million in funding from OpenAI, an effort it launched in response to the recommendations of an advisory board. The grants will go toward projects that increase public understanding of AI, support the design of AI for uses that communities want and increase economic opportunity. The deadline to apply closes on Oct. 8.

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L.L.Bean Promo Codes and Coupons: Up to 75% Off

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L.L.Bean Promo Codes and Coupons: Up to 75% Off


L.L. Bean is infamous for its outdoorsy appeal, ranging from outerwear and supplies to withstand the elements to laid-back lifestyle products. The company was established in 1912 by Leon Leonwood Bean in Maine. It remains headquartered there today, continually rolling out revered classics and updated essentials for today’s nature lovers. Take the Bean Boots: what started as L.L. Bean’s premier product ultimately helped shape the brand into what it is today. This definitive shoe, which can be worn on hiking trails and rain-slicked city streets alike, has remained true to the original version. If you’ve ever wanted to capture the essence of being a rugged Mainer or recreate a cozy cabin at home, here are plenty of L.L. Bean promo code options at your fingertips.

Get 10% Off Your First Order With an L.L.Bean Promo Code

You may bemoan email updates, but in terms of sales, this L.L. Bean coupon is a pretty low lift. Sign up for email updates from the company, and you get 10% off your first order. This offer is valid only once per email address, so choose your purchase wisely.

Take Up to 75% Off Outdoor Gear in the L.L.Bean Sale Section

Sales mean stocking up, especially on outdoor equipment and camping supplies ahead of your next adventure. Whether you’re about to take up fishing and need supplies, or have Noah Kahan concert tickets in sight and want extras from his L.L. Bean collaboration collection for the event, all of that is available to you. You can save 75% off these L.L. Bean sale items, no promo code needed.

This is a different sort of two-for-one special: twice a day, L.L. Bean posts new sales at 6 AM and 2 PM sharp, Eastern time. While the two-a-day daily markdown is not super expansive in terms of inventory up for grabs, what is posted for sale usually comes at a heavily discounted price akin to deals you’d see on Black Friday.

This L.L. Bean sale is like an online treasure hunt. The daily markdown sale involves a new deal posted daily from 6 AM to midnight Eastern time. Inventory leans toward gear, such as backpacks, blankets, and shoes.

Score Free Shipping on Orders Over $75

We’ve all abandoned our online shopping carts at one point or another once we saw how much shipping was going to cost. Shipping usually costs $8 for a standard L.L. Bean order—that is, if you are under $75. If you hit that threshold or more, you immediately score free shipping on your order.

Military, First Responders, Medical Workers, and Students Can Save an Additional 10%

Being in the medical field or a first responder can often be a tough, thankless job. But, there’s a special L.L. Bean sale for medical workers and first responders so that you can stock up on supplies for when you rest and recharge in your down time. Use the L.L. Bean first responder discount for 10% off—be sure to verify your license status through SheerID.

L.L. Bean military discount offers 10% for military personnel, current or former. This discount also applies to family members—if you or a family member would like to partake, verify your status via SheerID.

Teachers deserve their (wild)flowers. To make sure you have what you need for your next outdoor adventure and say thanks, you can get 10% off with the special L.L. Bean teacher discount. College students, there’s also the L.L. Bean student discount where you 10% off, too. To redeem either of these discounts, make sure to verify your teaching or student (or both!) status via SheerID.

Earn 20% Off With the L.L.Bean Mastercard

If you’re hunting for a potential credit card candidate, and already are an avid L.L. Bean fan, this is the opportunity for you. You can earn 20% off once approved for an L.L. Bean Mastercard, along with free shipping on all orders when you use it—no minimum purchase necessary.



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MPs launch inquiry into use of tech in education | Computer Weekly

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MPs launch inquiry into use of tech in education | Computer Weekly


MPs have launched an inquiry into the use of technology and artificial intelligence (AI) in education.

The cross-party Education Select Committee will look at how technology can both help and hinder the UK’s education sector, not just in schools, but also colleges, universities and early years services.

“AI and EdTech are already reshaping education, from the early years and secondary school right through to college and university,” said Helen Hayes, chair of the committee.

“These tools could represent an extraordinary opportunity to elevate learning and streamline teachers’ busy workloads. At the same time, there are risks in deploying rapidly developing technology without any clear values-based decision-making or evaluation framework, and without a full understanding of the consequences, and there is a potential risk of widening inequality between students.”

Educators are already dipping their toes into the tech sphere, for example, at Bett Show 2025, it was announced the government had plans to help teachers use AI for lesson planning and marking, and Ofsted found many schools are experimenting with the use of AI for personalised learning, translation of resources, and turning lessons and other resources into podcasts.

The government has already started looking into the potential uses of AI in schools and other education establishments, including the development of AI tools for 1:1 tutoring, but AI is causing a number of concerns among students and parents alike, with parents changing their career advice to children as a result of widespread AI adoption.

As pointed out by education secretary Bridget Phillipson in early 2026, the government has to “get this right” for the technology to meet its potential as the “biggest boost for education in the last 500 years”.

The Education Select Committee will look into several areas of tech and AI adoption in education, including how it will affect skills, safeguarding issues and how teachers will cope with tech deployment.

Access to technology, AI and digital tech has the potential to widen the diversity divide in the UK, and the committee will consider whether introducing AI risks making this issue worse.

When it comes to tech’s impact on skills, the committee will look into how AI specifically will affect critical thinking, problem solving and speech development.

Teachers have a longstanding issue with tech deployment and teaching tech skills, so how they are supported in implementing tech during teaching, as well as ensuring they can properly use it, will need to be considered. The committee will also explore how tech and AI may change the way assessments are undertaken.

How AI and tech is integrated into each level of education in the UK has the potential to either massively help or catastrophically hinder the UK’s education delivery and skills development.                                                     

“Our inquiry will take a hard look at the evidence, and separate AI fact from fiction,” said Hayes. “We will explore how AI and EdTech are already being used and consider how the government can balance its benefits with safeguards against the risks it poses.

“The committee wants to understand how technology is shaping children and young people’s lives and learning, and what more the government needs to do to ensure that every child and young person is able to thrive,” she said. “I encourage anyone with experience in this area to submit evidence to our inquiry.”



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What Is That Mysterious Metallic Device US Chief Design Officer Joe Gebbia Is Using?

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What Is That Mysterious Metallic Device US Chief Design Officer Joe Gebbia Is Using?


Joe Gebbia, cofounder of Airbnb and the US Chief Design Officer appointed by Trump, was spotted in San Francisco today using a mysterious metallic device. In a social media post on X viewed over 500,000 times, a man who looks like Gebbia sits with an espresso at a coffee shop. He’s wearing metallic buds that bisect his ears, with a matching clamshell-shaped disc in front of him on the counter.

After the video was posted Monday morning, social media users were quick to suggest that this could be some kind of prototype from OpenAI’s upcoming line of hardware devices designed in partnership with famed Apple designer Jony Ive. An OpenAI spokesperson declined to comment on the potential Gebbia video after WIRED reached out. Gebbia also did not respond to a request for comment.

The device Gebbia appears to be wearing looks quite similar to the hardware seen in a fake OpenAI ad that was widely circulated on Reddit and social media in February. That video from last month seemingly showed Pillion actor Alexander Skarsgård interacting with an AI device that had a similar-looking pair of earbuds and a circular disc. At the time, OpenAI denounced the widely seen video as not real. “Fake news,” wrote OpenAI President Greg Brockman at the time, responding to a social media post.

The earbuds seen in the video of Gebbia also look quite similar in shape to the Huawei FreeClip 2, a pair of open earbuds released earlier this year. However, the clamshell seen on the coffee counter next to Gebbia is different from Huawei’s most recent headphone case. It would also be quite surprising if a government official were seen using Huawei tech, considering the Chinese company is effectively banned from selling its phones in the US due to security concerns.

WIRED’s audio experts say he’s most likely wearing open earbuds, as Gebbia’s pair share some similarities with Soundcore’s AeroClips or Sony’s LinkBuds Clip, though the cases for those buds don’t match what’s on the table in front of Gebbia. WIRED also ran the photo and video through software that attempts to identify AI-generated outputs and other deepfakes. The detection software, from a company called Hive, says the odds are low that this imagery of Gebbia was generated by AI. Still, AI detectors are not always reliable and can include false outputs. It’s possible that the entire post could be a synthetic hoax.

Could this be some kind of soft launch teaser for OpenAI’s hardware? The timing of this trickle out would make sense, since the company may ship devices to consumers sometime early in 2027. Still, OpenAI denied any involvement with the previous pseudo-ad for the metallic AI hardware, with its shiny earbuds and matching disc.



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