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Oct 03, 2025
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Supported by
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TGIF! Abu Dhabi’s MGX, SoftBank and others back OpenAI's share sale at a $500 billion valuation. A BlackRock-owned investment firm is in talks for a $40 billion data center deal. Tesla's vehicle deliveries jump before the end of a U.S. tax credit for electric cars.
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SoftBank, Abu Dhabi’s MGX and others funded a $6.6 billion OpenAI employee share sale that valued the company at $500 billion, said a person with knowledge of the deal. The share sale price is nearly double OpenAI’s $260 billion valuation from a separate $40 billion round of funding it’s raising from investors led by SoftBank. Dragoneer, Thrive Capital and T. Rowe Price also invested in the employee tender, said the person with knowledge of the deal. OpenAI considered allowing a tender as large as $8 billion, with the final size depending on how much stock current and former employees decided to sell, The Information previously reported.
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BlackRock-owned investment firm Global Infrastructure Partners is in advanced talks to buy Aligned Data Centers, a privately held data center firm, in a deal that could be worth around $40 billion, according to a report in Bloomberg. Earlier this year, Texas-based Aligned raised more than $12 billion in equity and debt in a round led by Macquarie Asset Management to build out 5 gigawatts of data center capacity. The deal is not finalized and MGX, an investment firm formed by Mubadala, is also involved in the talks, according to the Bloomberg report. Mubalada has invested in Aligned. GIP owns other data center firms and power firms, including CyrusOne. The firms involved in the potential deal to buy Aligned are part of a consortium that planned to raise an initial
$30 billion to build AI data centers last year. The consortium consisted of GIP, BlackRock, Microsoft and MGX.
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Tesla delivered 497,000 vehicles in the third quarter of 2025, up 7% year-over-year, as the impending end of a U.S. federal tax credit for electric vehicles at the end of September contributed to a surge in sales. While sales were up, Tesla produced 447,000 vehicles in the July-to-September quarter, down about 5% from the same period last year. The lower production rate indicates the company expects sales to slow in the fourth quarter since the $7,500 federal tax credit for electric vehicle purchases has now expired. Tesla also said it installed 12.5 GWh of energy storage
products in the third quarter, some of which went to Elon Musk’s xAI, which is using the batteries at its supersized data centers. Both the vehicle and energy storage delivery figures were records, according to Tesla. Tesla shares were roughly flat early Thursday but have rallied 39% over the past month as CEO Elon Musk has said he’s becoming more involved at the company and spending less time on politics. Musk purchased $1 billion in Tesla shares in September, his first significant investment in more than five years. In November, Tesla shareholders will vote on whether to approve an unprecedented pay package for Musk proposed by the Tesla board, which will grant him up to $1 trillion in stock if he meets several ambitious goals including increasing the company’s market capitalization to $8.5 trillion, up from less than $1.5 trillion today.
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Salesforce is jumping aboard the vibe coding trend, launching a new service that lets developers create applications by describing the features and functionality they want using simple text prompts. The cloud software provider says the new service, part of its Agentforce product, will include stronger security and management features than other vibe coding tools that are designed for independent developers. That echoes the messaging that rivals like Microsoft and Amazon are using to convince customers that their AI is accurate enough to use in
critical business functions. Agentforce has seen slow adoption since its launch last October, in part because many Salesforce customers haven’t taken the necessary steps to use the product, like organizing their data. By offering a vibe coding service, Salesforce is now going after a part of the AI market that is already seeing
rapid adoption.
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Uber said on Thursday that it is buying data labeling startup Segments.ai to expand its software for labeling lidar data. The two companies didn’t disclose terms of the deal. Uber has expanded into data labeling and annotation services over the past year, providing data for language models, as well as physical AI data, such as identifying items in scenes for self-driving cars. Segments is one of several startups that offer customized software for labeling physical data recorded by cameras and lidar sensors. Dexterity, for example,
which develops robots for unloading trucks, switched from Scale AI’s data services to Segments’ services a couple of years ago. Segments farms out much labeling work to smaller companies and offers software that Dexterity’s employees can use to label images themselves.
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