Stocks edge higher as S&P 500 bids to close above 5,000

Stocks edge higher as S&P 500 bids to close above 5,000

The Wall Street Journal reports OpenAI CEO Sam Altman is hot on the fundraising trail, courting governments in the Middle East, among others, for a venture focused on making the chips needed to fulfill his vision of the AI revolution.

And to call this vision “capital intensive” is an undersell.

The Journal reports Altman sees the project needing to raise up to $7 trillion.

Data from S&P Global Market Intelligence and Pitchbook (via The Financial Times) suggest that at the end of last year there…


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