U.S. employers added 165,000 jobs in October. The number of people working part-time rose by 339,000 in the same month.
Key points
Jobs added: 165,000
Part-time workers increased: 339,000
Sources
- Original post
- go.f-st.co - Linked in the post
OpenAI valued at $1.25 trillion, safety focus over IPO
OpenAI valued at $1.25 trillion after a new $11 billion funding round. CEO Sam Altman said the company is prioritizing safety instead of rushing toward an IPO. The round could grow to $20 billion, below earlier hopes of $30 billion at a $1.4 trillion valuation. Anthropic filed an S-1 to go public.
Key points
Valuation $1.25 trillion after $11 billion raise.
Altman prioritizing safety over an IPO.
Sources
Sequoia shutting down its Scouts program marks the end of an era
Sequoia announced it is closing its London office and ending its scout program as part of a broader overhaul. The move reflects a growing consensus that the scout model has reached its limits. Other firms, such as a16z, are revising their scout programs to give fewer scouts more resources.
Key points
Sequoia announced a broad overhaul that includes closing its London office and shutting down its scout program.
a16z partner Gabriel Vasquez said the firm reduced the number of scouts, gave them more budget, and expects them to be more active.
Sources
Average net tuition below $2,000 for certain students
Average net tuition at public four-year colleges is now below $2,000 for certain students, new data show pricing shift. New data reveal how much college pricing has changed.
Key points
Average net tuition at public four-year colleges is now below $2,000 for certain students
New data reveal how much college pricing has changed
Sources
- Original post
- go.f-st.co - Linked in the post