More data regarding Stargate. Picture getting clearer, but sounds like many pieces still left to figure out.

💥 Andreessen Horowitz is discussing a pullback from its high-profile UK crypto push amid a boom in the US market Scoop with the team Arash Massoudi Anna Gross George Hammond on.ft.com/4auBsIo

OpenAI's conversion into a public benefit corporation is complex: 👉 Valuing the charitable arm is proving difficult - it needs enough cash to resource projects to 'benefit humanity' 👉 People familiar told us the number being discussed atm is $30bn, but primarily in equity ⏬

Big Financial Times scoop: SoftBank is in talks to invest as much as $25bn into OpenAI, in a deal which would make it the ChatGPT maker’s biggest financial backer. Much of that money is expected to end up in Stargate With Arash Massoudi David Keohane and Stephen Morris ft.com/content/6a482d…

Emerging from stealth mode to announce my upcoming book: Apple in China: the Capture of the World’s Greatest Company. It’s the untold, 30-year story of how the tech giant tied its fortunes to America's biggest rival, transforming both company and country. A *thread*

Tons of new information in our latest Financial Times feature on SoftBank and OpenAI Read: Masayoshi Son and OpenAI’s bet on AI — and each other ft.com/content/fc57fe… David Keohane Stephen Morris George Hammond

Confused about what OpenAI's conversion actually means for its corporate structure + ownership? We had a go at sketching out the likely scenario based on convos with sources (w/George Hammond) -- full story with more details below

Correct. I sold all my cryptocurrency (including BTC, ETH, and SOL) prior to the start of the administration.

Former Wall Street rainmaker leads purge of US chips subsidies agency via by ⁦Michael Acton⁩ “Everyone is very cagey about what Grimes is up to,” they said. “This is not a psychologically healthy place to work.” on.ft.com/43qvZAP

Delighted to have won a SABEW Best in Business award in the Technology division for Financial Times coverage of Telegram & Pavel Durov w/ Adrienne Klasa Polina Ivanova & Christopher Miller Read my interview with Pavel just months before his arrest here: on.ft.com/4ijv9dI

At Media Summit | SF on June 2nd, we’re welcoming a knockout group of media pros to the stage, including Allie Garfinkle, Brendan Vaughan, natasha mascarenhas, Shirin Ghaffary, George Hammond, Sally Shin, Alex Heath, & Zoë Schiffer. Want to join? Apply for a ticket here: mediasummitsf.com

We Financial Times are #hiring 2 foreign & defense policy reporters in #DC - 1 for US-Europe & 1 for Mid East. Instead of covering an agency, reporters will cover all agencies for their region - same way I cover US-China/IndoPacific. If interested, contact DC bureau chief James Politi (1/2)

Musk’s X obtains $44bn valuation in sharp turnaround on.ft.com/4bEQBHE

X valuation has bounced back to $44bn Scoop with Tabby Kinder Hannah Murphy and Eric Platt ft.com/content/d4616d…

I first met Assaf Rappaport four years ago when Wiz was in its early days. Since then he has been moving at breakneck speed up to this week’s record $32bn sale to Google. Here’s our profile of the CEO behind this week’s record deal George Hammond Rafe Uddin Arash Massoudi

SCOOP: Andreessen Horowitz in talks to help buy out TikTok’s Chinese owners The politically connected firm is in serious talks ahead of April 5 deal deadline. ⁦Antoine Gara⁩ ⁦George Hammond⁩ ⁦Hannah Murphy⁩ ⁦James Fontanella-Khan⁩ on.ft.com/4jbjM7F