• The Daily Deck
  • Posts
  • OpenAI Is in Talks to Sell Shares at $86 Billion Valuation

OpenAI Is in Talks to Sell Shares at $86 Billion Valuation

October 20, 2023

Good Morning,

OpenAI Is in Talks to Sell Shares at $86 Billion Valuation, ASX to drop, oil rises, US bond yields advance, Honda to Start Self-Driving Taxi Service in Tokyo, CEO Says, Russia Has No Plans Yet to Further Ease Diesel Export Rules, Goldman Earmarks Extra $690 Million for Pay in Bid to Stem Staff Angst and Costco CEO Craig Jelinek to Step Down After 11 Years at the Helm.

Let's jump in.

Before The Bell

Markets

  • Greece Said to Ready 20% Stake Sale in National Bank Next Month (BBG)

  • Asia Stocks Extend Losses as Treasury Yields Rise: Markets Wrap (BBG)

News Summary

  • Parole for driver who killed five Timaru teenagers (Stuff)

  • Man jailed for almost killing man over damaged phone charger (Stuff)

  • Massey University leadership defends proposed cuts (Stuff)

  • ASX to drop, oil rises, US bond yields advance (AFR)

  • ASX drops 1.5pc as Middle East tensions mount; big four banks fall (AFR)

  • Local medical cannabis companies welcome over-the-counter sales (NBR)

  • US regional banks earn more on loans but warn on rising deposit costs (RT)

  • State Street profit beats estimates as fee income, assets under management rise (RT)

  • Costco CEO Craig Jelinek to Step Down After 11 Years at the Helm (BBG)

  • Honda to Start Self-Driving Taxi Service in Tokyo, CEO Says (BBG)

  • Goldman Earmarks Extra $690 Million for Pay in Bid to Stem Staff Angst (BBG)

  • Russia Has No Plans Yet to Further Ease Diesel Export Rules (BBG)

  • Biden’s Carriers and Troops Send a Signal of Force If Diplomacy Fails (BBG)

  • US reports deal with Egypt to restart aid to Gaza as protests rock Middle East (RT)

Deal Flow

Investments / M&A

  • Devon Energy Mulls M&A Options With Marathon, CrownRock (BBG)

  • OpenAI Is in Talks to Sell Shares at $86 Billion Valuation (BBG)

  • Zoono facing ComCom prosecution (NBR)

  • Former AVZ director slams $1.5m Mihigo payment, calls for change (AFR)

VC & Fundraising

  • PaintJet puts robots to work in construction and maintenance as labor shortage drags on (CNBC)

Equity Raises

  • Tillman Infrastructure Is Seeking a $500 Million Capital Injection (BBG)

Debt

  • Investors rush to 31-year Aussie bond paying ‘attractive’ 5pc yield (AFR)

Daily Picks

  • All Blacks v Argentina semifinal Rugby World Cup 2023 prediction, kickoff time, how to watch in NZ (Herald)

The Daily Deck is sponsored by Industrial Equity, LLC

Reply

or to participate.