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The latest news on the business of tech, including IPOs, M&As, VCs, cryptocurrency, fintech, funding, valuations, and investing. We get the scoops.

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Microsoft Comes Out of OpenAI Deal a Winner; Risks in AI FinancingThe Briefing

Microsoft Comes Out of OpenAI Deal a Winner; Risks in AI Financing

Microsoft and OpenAI had big news this morning but before we dive into that, it's fair to say there’s a lot of excitement among investors (and reporters!) about the upcoming SpaceX IPO. But some people have a refreshingly realistic assessment of the situation. “There’s a trillion ways this can go wrong,” said Ashley MacNeill, co-head of capital markets at investment firm Vista Equity Partners, at The Information’s Financing the AI Revolution event in New York on Monday. “There’s only a...

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