Investment

The $730 Billion Illusion: OpenAI and the Era of Circular Capitalism

OpenAI, the San Francisco laboratory that birthed the generative artificial intelligence boom, has closed a funding round of $110 billion. The transaction assigns the company a pre-money valuation of $730 billion. To put that in perspective, a startup that was a niche non-profit a decade ago is now worth more than the market capitalization of JPMorgan Chase or the annual GDP of Switzerland.

Labor

The AI Boom and the Human Labor Bust

Artificial intelligence dominates investment flows and media attention, yet across advanced and emerging economies, employers report acute shortages in the very occupations that keep daily life functioning.

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