❌

Normal view

OpenAI Employees Sell $7 Billion in Tender

10 August 2026 at 23:18

OpenAI bought about $7 billion in shares from employees in a recently closed tender, according to a person familiar with the deal. The buyback happened at the $852 billion post-money valuation reached in a March funding round. OpenAI used some of the $122 billion in funding from the round for ...

Why U.S. Robotics Startups Are Stuffing Parts From China in Luggage

7 August 2026 at 15:00

On a muggy morning in April, a venture capitalist from San Francisco arrived in China’s southern tech hub of Shenzhen with a long shopping list. His friends at U.S. robotic startups had asked him to bring back humanoids and various robotic components from China.

He headed to Shenzhen’s Huaqiangbei district, the world’s biggest electronics bazaar. At one store, he bought humanoids, which he arranged to ship back to the U.S. He then went upstairs to component floorsβ€”a labyrinth of countless stalls barely larger than walk-in closetsβ€”to pick up robot parts that control motion, manage power and carry signals. Instead of shipping those components as freight, he packed them in a suitcase and took that with him on a flight back to San Francisco.

❌