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It’s a curious world we live in. Banks are a-collapsin’, and the world keeps on a-turnin’.
And oh, hey, look! OpenAI is even richer now! Alex is back on the mic with your Monday rundown, and as usual, we had much to unpack: We’re digging into OpenAI, earnings, First Republic Bank, some fun startups and ARM’s IPO on today’s episode of Equity. Listen here.
— Christine and Haje
The TechCrunch Top 3
On the brink of collapse: Regulators closed First Republic Bank and lined up a buyer, JPMorgan Chase, which acquired FRB’s $330 billion in assets and deposits. Meanwhile, Ingrid writes that the Federal Deposit Insurance Corporation is on the hook for $13 billion. Stay tuned for more as all of this unfolds.
One person’s mess is another person’s success: Elon Musk took to a Twitter Space this weekend to share more information o …
