🤑 OpenAI is selling shares

ChatGPT's creator OpenAI may be headed for a $90 billion valuation | Target announced shop shutdowns at the hands of organized crime | [Finimize](   TOGETHER WITH   Hi {NAME}, here's what you need to know for September 28th in 3:12 minutes.   📈 Top-performing strategies aren't a secret anymore. Join TPP for [Accessible Strategies For Effective Trading]( on October 26th, and find out how to unlock analysts' time-tested strategies and adapt them to fit your portfolio. [Grab your free ticket]( Today's big stories - OpenAI announced a potential share sale that could triple its valuation from earlier this year - Goldman Sachs dived into green energy’s deflationary powers – [Read Now]( - Organized crime took aim at Target, forcing it to shutter nine US stores Code For Gold [Code For Gold] What’s going on here? OpenAI’s [planning]( a share sale that could value the startup at roughly $90 billion. What does this mean? OpenAI isn’t just on track to fling the world toward a dystopian future. ChatGPT's creator is also set to rake in around $1 billion in revenue this year, a result of licensing out brainy language models to businesses and charging individuals for access to a souped-up version of its all-star chatbot. Still, shaping the way the world works is costly business, so OpenAI’s planning to raise cash by selling a bunch of existing shares to deep-pocketed Silicon Valley investors. If all goes to plan, OpenAI could end up valued at $90 billion or more, enough to land it in the major leagues alongside Elon Musk's SpaceX and the TikTok overlords at ByteDance. Why should I care? Zooming in: Microsoft’s mega shares. Microsoft owns almost half of OpenAI, having tossed a ton of cash into it earlier this year when the startup was worth around $30 billion. This stock sale, then, could triple the value of OpenAI on Microsoft’s books. Mind you, there’s no guarantee that Microsoft can maintain its lead over fellow tech titans. While Google and Meta tinker away on their own AI competitors, Microsoft will have to contend with a minority stake in the startup: OpenAI’s boss has ruled out going public or selling to the highest bidder in an effort to cap Microsoft’s share below half. The bigger picture: There’s no free lunch in Silicon Valley. OpenAI’s sudden success is a clear sign of the buzz around AI. And with businesses, industries, and governments around the world all het up about the tech’s possibilities, any firm that brings new silicon smarts to the market could enter the billion-dollar club in a matter of mere months – a feat that usually takes many years. But remember: any opportunity that booms quickly can go bust just as fast, so you’ll need to prepare for some serious ups and downs if you’re invested in tech these days. You might also like: [Why you should pay close attention to ChatGPT](. Copy to share story: [/code-for-gold]( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Code For Gold&utm_campaign=daily-global-28-09-2023&utm_source=email) Analyst Take The Hidden Benefit Of The Green Energy Transition [The Hidden Benefit Of The Green Energy Transition]( By Russell Burns, Analyst The [green energy transition]( has always had benefits that go beyond the environment. One of those key benefits is especially relevant right now: its [deflationary impact](. In a new report, [Goldman Sachs]( calculated how big that particular effect might be for both Europe and the US, and highlighted [the renewable energy sources]( that might be set for the biggest boom. And since the green energy landscape is [littered with opportunities](, I decided to take a look. So that’s today’s Insight: [the hidden benefit of the green energy transition](. [Read or listen to the Insight here]( SPONSORED BY PUBLIC Destination: US markets If you’re interested in US markets, there are over 5,000 reasons to [check out Public.com](. There, you can [explore thousands of US-listed companies](, complete with deep fundamental data, news, research, and insights. In other words, [Public.com]( is your gateway to US markets. [Find Out More]( Shrinking Ship [Shrinking Ship] What’s going on here? Target announced plans to [shut down]( nine stores on Tuesday, blaming scaled-up crime for rendering them completely unsustainable. What does this mean? Target’s shelves have been wobbling under the weight of unsold higher-priced stock, which the retailer can’t seem to shift despite the help of a few discount stickers. But it’s not that nobody wants Target’s products, it’s just the issue of paying for them. The company first admitted over a year ago that stealing – known as “shrinkage” in retail circles – has been eating into profit. Then in May, it slapped a $500 million price tag on the annual cost of crime on its bottom line. Target’s head honchos aren’t willing to swallow that every year, so they’re shutting down their most crime-ridden locations across the country. Why should I care? Zooming in: The plot thickens. Now, Target isn’t calling out regular folk pinched by the cost of living, because this amount of missing stock is at the level of organized crime. And sure, a missing pallet or two has never been worth kicking up a fuss about, but this is a lot of missing stuff. And since Target will have already paid for all of it, every stolen sale will eat away at the firm’s profit. Without proper intervention, then, the retailer’s stock could end up swimming with the fishes. The bigger picture: Handle with care. Target’s sticking to its line that missing stock is an industry-wide problem, which could well be true. But so far, other major retailers seem to be coping without bolting down store doors in so-called “dangerous” areas. Maybe, then, Target’s especially fragile right now and can’t take on any more risks than absolutely necessary. And if that’s the case, investors needn’t tar the whole industry with Target’s brush. You might also like: [Here’s why inequality is responsible for soaring US debt levels](. Copy to share story: [/shrinking-ship]( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Shrinking Ship&utm_campaign=daily-global-28-09-2023&utm_source=email) 🪧 Forget the billboards Old-school tactics won't engage [modern investors](. Capturing the attention of clued-in whippersnappers takes something a little more [up-to-date]( – like a [promotional partnership]( with Finimize. [Find Out More]( 💬 Quote of the day "I may be a living legend, but that sure don't help when I've got to change a flat tire." – Roy Orbison (an American singer, songwriter, and musician) [Tweet this]( SPONSORED BY PUBLIC Forget about a seven-hour flight [Public.com](’s mission is to help people be better investors. And now, [Public’s live in the UK](, bringing US markets across the pond – just without the jet lag. [Explore thousands of companies and US market opportunities on Public.com](. [Discover More]( 🎯 On Our Radar 1. Men spend all day thinking about one thing. Get your mind out of the gutter: it’s [the Roman Empire](. 2. Preparing for real-world investing. Discover [the theoretical elements of investing and portfolio construction](.* 3. In defense of the lightning cable. Apple’s attempt to [revolutionize the world’s chargers]( wasn’t all bad. 4. Active ETFs are evolving fast. Find out how the right ones could help you [beat the market](.** 5. Not all sports are equal. 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