🧵 2. Backed by Microsoft, OpenAI aims to close a funding round valuing it at over $150 billion. Thrive Capital and Tiger Global plan to invest $1 billion.

🧵 1. OpenAI expects $5 billion losses on $3.7 billion revenue this year, up 1,700% from last. Revenue spiked to $300 million last month. #fintech

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🧵 5. Musk's companies' assets frozen by STF in Brazil, citing related parties status. Musk warned of reciprocal seizure of government assets in response.

🧵 4. Musk shut down X offices in Brazil in August, faced bans and fines for not appointing a legal representative as per federal requirement.

🧵 3. Brazil's supreme court probe into Musk & X began in April over alleged obstruction of justice. Musk criticized court's actions as censorship.

🧵 2. X to pay $2 million fine for non-compliance with court orders in Brazil. Musk previously defied takedown requests, leading to legal battle.

🧵 1. Elon Musk's social network facing final fine in Brazil before being reinstated online following suspension by top justice on Sept. 2. #fintech

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🧵 5. OpenAI, ByteDance, and SpaceX challenge the traditional startup label, with OpenAI showing rapid growth in valuation and revenue.

🧵 4. The term unicorn denotes unlisted companies valued over $1 billion. Around 1,200 exist globally with notable exclusions like Ant Group.

🧵 3. Top unicorn list includes Shein, Fanatics, Stripe, Revolut, and Databricks. ByteDance launches large language models under Doubao brand.

🧵 2. OpenAI, now in the top ten, has doubled its valuation, while ByteDance leads with a focus on generative AI.

🧵 1. ByteDance remains the world's highest-valued startup at $225 billion, surpassing recent jumps in valuation for OpenAI and SpaceX. #fintech

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🧵 Shareholders remain cautious following the allegations and pending investigation.

🧵 5. Super Micro faces uncertainty as the probe unfolds.

🧵 Super Micro and DOJ have yet to comment on the investigation.

🧵 4. U.S. attorney's office in San Francisco seeks information on the ex-employee's claims.

🧵 The company's delay in filing its annual report caused shares to drop by 20%.