The Brutalist Report

Techmeme

• a16z rebrands a16z Crypto as a16z Frontier and expands the fund's scope to back startups developing AI, robotics, and other emerging technologies (Camila Grigera Naón/Fortune) [15d]
• Sources: OpenAI has cut its valuation target to $1.25T, down from the $1.4T valuation it pitched earlier this month, after facing resistance from some investors (Financial Times) [15d]
• Sources: SpaceX is in talks with at least one major cellular infrastructure firm to secure a minimum of 80K US cell sites, as it eyes a wireless carrier launch (Kelcee Griffis/Bloomberg) [15d]