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What’s New Today: OpenAI is signing a partnership with South Korean Companies for Stargate Chips and Data Centers.
Fast-Track Insights: OpenAI has reached $500 billion valuation after a secondary share sale, which allows former and current employees to bring approximately $6.6 billion stocks to the table.
Here’s a quick rundown of the biggest tech headlines making waves today. Let's dive into the top tech stories, from OpenAI, South Korea’s plans, to Polymarket forecasts.
Under the Stargate initiative, OpenAI has entered into LOIs with Samsung and SK Hynix for the supply of chips and building of the two "Korean-style" data centres. The collaboration involves procurement of 900,000 semiconductor wafers by 2029, along with the construction of the first capacity of 20 MW. Using South Korea's dominance in memory chips and aspirations of becoming an AI hub, the partnership aims to anchor the domestic industry on specific AI infrastructure.
OpenAI has been valued at $500 billion following the secondary share transaction, which allowed former and current employees to put $6.6 billion worth of stock on the market for sale. Financing was provided by SoftBank, with participation from others including Thrive Capital, Dragoneer, MGX, and T. Rowe Price. Earlier, OpenAI stood at $300 billion. Besides funding, the company is fast-tracking infrastructure growth through the Stargate initiative and launching ‘OpenAI for Countries’ to foster sovereign AI deployments.
POWERGRID, being a Maharatna under the Ministry of Power, is offering one Apprentice Law Executive in its Western Region-I (Maharashtra, Chhattisgarh, Madhya Pradesh, Goa). The stipend for this apprenticeship is Rs. 17,500 per month. A graduate and having an LL.B. (3-year) or an Integrated 5-year LL.B. is an Eligible Candidate. The closing date of the application is 6 October 2025.
More than 100 jobs have been eliminated by Google within its cloud division, particularly in design-oriented units, which has especially affected the quantitative user-experience and platform experience teams based in the United States. The cost-cutting measure is part of a larger picture, involving the reallocation of resources towards artificial intelligence infrastructure, tools, and modeling. These affected employees have a deadline of December to be redeployed internally, but internal sources have hinted that the offer may be significantly reduced.
On Polymarket, bettors project the shutdown finishing after October 15 at a strong 43%, with that date cast as a ‘midnight’ scenario or the earliest possible end. Another 35% believe it will end between October 10 and October 14; 20% feel a resolution will materialize between October 6 and October 9; and an almost negligible 3% predict it will end between October 3 and October 5. The polling reflects a broader paralysis in Congress, which is unable to agree upon funding.
