Equity   /     OpenAI fires back at Musk, and Monzo raises a megaround

Summary

Alex hopped back on the mic this morning to talk about OpenAI bringing receipts to its tussle with Musk and what's happening with OpenView. Equity is also digging into Monzo's big fundraise, a big startup deal in the AI space, and new climate regulations.

Subtitle
Alex hopped back on the mic this morning to talk about OpenAI bringing receipts to its tussle with Musk and what's happening with OpenView. Equity is also digging into Monzo's big fundraise, a big startup deal in the AI space, and new climate regulations.
Duration
00:11:08
Publishing date
2024-03-06 15:00
Link
https://techcrunch.com/
Contributors
  Theresa Loconsolo, Alex Wilhelm
author  
Enclosures
https://chrt.fm/track/EE5ED8/locator.simplecastcdn.com/f4352096-d805-4926-a3c4-d39b725616a3/a3490503-541f-4496-bdb8-43ca8ab18a2d.mp3?aid=rss_feed&feed=LDd0maWN
audio/mpeg

Shownotes

This is our Wednesday show, focused on startup and venture capital news that matters. If you are a founder or an investor, this one is for you!

Here’s the day’s rundown:

  • OpenAI fires back at Musk: In the wake of a lawsuit from former backer Elon Musk, OpenAI is bringing receipts and an argument that Musk wanted to run the company’s for-profit arm. Hard to argue against something that you wanted to run, yeah?
  • Monzo raises megaround: Monzo’s latest round is proof that the worst of the fintech slump is behind us.
  • All eyes on Ema: With $25 million and a launch from stealth, Ema’s work to bring AI to the enterprise is notable. But in such a crowded market, are many startups aiming too high on the stack?
  • Accenture buys Udacity: The former unicorn’s final resting place is not what it had dreamed of before, but this deal does bring welcome liquidity to at least one venture-backed startup.
  • A climate boost? An upcoming regulatory choice could unlock a massive wave of demand for carbon-tracking startups.
  • And the latest from OpenView: The Information reports that OpenView is returning most of its latest fund to backers. A weird and slightly sad final chapter for the firm.

For episode transcripts and more, head to Equity’s Simplecast website.

Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders and more!

Credits: Equity is hosted by TechCrunch's Alex Wilhelm and Mary Ann Azevedo. We are produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.