OpenAI on March 30th closed a record-breaking $122 billion funding round at an $852 billion post-money valuation. The round was anchored by Amazon, NVIDIA, and SoftBank.

Sources: tweet, arr chart

• Meta cuts 8,000 jobs — or 10% of their workforce. Sources: tweet
• OpenAI product CTO leaves as they're focusing on product development. Whoops. Sources: tweet
• Salesforce headless — a Salesforce subscription that only provides an API to access their services. Sources: tweet
• AllBird rebrands to AIBird — not even joking. Their stock went up 700% in a day. They said they'll be focusing on AI infra, whatever that means. We already saw this playbook in 2021 with Long Ice Tea Corp. rebranding to Long Blockchain Corp. Their CEO was indicted for insider trading and went to jail. I'm sure the founders of Allbirds took the right precautions, but we'll see.

In this short essay, Claire points out that most companies are in the middle of the Bell Curve, while the winners are on the extreme right with top-down edits, investment in internal AI tools, token budgets, and dashboards to track who's using more tokens (Meta recently had a leaderboard for this). To win, you must be on the extreme right of the Bell Curve! Sources: tweet