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Nvidia is investing $100 billion in OpenAI

How's your fundraising going? Plus: The government is suing = ticket firms for deceptive practices, and the new $100K visa fee has drawn = a global response.  ‌ ‌ ‌ ‌= 0;‌ ‌ ‌ ‌ ‌ ‌&= #160;‌ ‌ ‌ ‌ ‌ ̴= 4; ‌ ‌ ‌ ‌ ‌ &#= 8204; ‌ ‌ ‌ ‌ ‌ = ;‌ ‌ ‌ ‌ ‌ ‌&#= 160;‌ ‌ ‌ ‌ ‌ ‌= ; ‌ ‌ ‌ ‌ ‌ = 204; ‌ ‌ ‌ ‌ ‌ = ‌ ‌ ‌ ‌ ‌ ‌
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= <= td class=3D"f" align=3D"right" valign=3D"top"> September 23, 2025  = |   Read Online= = Nvidia is investing $100 billion= in OpenAI How's your fundraising going? Plus: The government is = suing ticket firms for deceptive practices, and the new $100K visa fee has = drawn a global response. <= tr id=3D"content-blocks"> <= tr> <= /table> <= td width=3D"8" style=3D"width:8px;">  <= td> News You Need2Know = <= /tr> In partnership with = Hello, md hrr! The subject of this week=E2=80=99s world fam= ous News HaikuTM competition is that Robert Red= ford has died at 89. Email me through your tears by Thursday at noo= n ET with your entry! =E2=80=94Matt Davis, Need2Know Cheddito= r = Nvidia is investing $100 billion in OpenAI<= /a> U.S. sues Ticketmaster for =E2=80=98de= ceptive practices=E2=80=99 $100= K H-1B visa change sparks global response Noted TikTok teens Rupert Murdoch and Larry Elliso =E2=80=A6 $10 billion merger for Compass and= Anywhere If you like this newsletter, why not fo= rward it to a friend so they can subscribe here= ? If you don=E2=80=99t, why not forward to an enemy? Thank you! = What=E2= =80=99s the stock market up to, eh? $SPX ( =E2=96=B2 0.44% ) =C2=A0 $DJI ( =E2=96=B2= 0.14% ) =C2=A0 $NDX ( =E2=96=B2 0.7% ) Companies mentioned in today=E2=80=99s newsle= tter $NVDA ( =E2=96= =B2 3.93% ) =C2=A0 $LYV= ( =E2=96=B2 0.87% ) =C2=A0 $TKTMV ( 0.0% ) =C2=A0 $COMP ( =E2=96=BC 15.75% ) =C2=A0 $HOUS ( =E2=96=B2 45.55% ) =C2=A0 Nvidia = is investing $100 billion in OpenAI = Nvidia $NVDA ( = =E2=96=B2 3.93% ) is set to bolster OpenAI's capabilities w= ith a monumental $100 billion investment, further enhancing the chatbot gia= nt, ChatGPT. The investment aims to inject at least 10 gigawatts of Nvidia = AI data centers into OpenAI, which, incidentally, is one of the reasons you= r power bill is going up. It= =E2=80=99s like a nice little tax we=E2=80=99re all paying for our robot ov= erlords to enrich themselves. OpenAI=E2=80=99s CEO Sam A= ltman, underscored the necessity of infrastructure development: =E2=80= =9CBuilding this infrastructure is critical to everything we want to do,=E2= =80=9D he said. =E2=80=9CWithout doing this, we cannot deliver the s= ervices people want.=E2=80=9D=C2=A0 Earlier this month, the att= orneys general of California and Delaware warned OpenAI that they have = =E2=80=9Cserious concerns=E2=80=9D about the safety of ChatGPT, especia= lly for children and teens. The two state officials, who have unique powers= to regulate nonprofits such as OpenAI, noted =E2=80=9Cdeeply troubling = reports of dangerous interactions between=E2=80=9D chatbots and their u= sers, including the suicide of one young Californian after he had prolonged= interactions with an OpenAI chatbot. The parents of the 16-year-old Califo= rnia boy, who died in April, sued the company and Altman last month. OpenAI says it has 700 million weekly active users. OMG, I need this! From luxury nature getaways to expert gardening tips, each is= sue is packed with inspiration to elevate your home, adventures, and way of= life. = Free yourself from advertising forever! Now you can sign up for an optional ad-free version of Need2Know! Su= bscribe for just $5 a month, or $50 a year, and you can continue to enjoy t= his reasonably high-quality newsletter uninterrupted. Bonus: The immense sa= tisfaction that comes from supporting journalism*! <= /tr> = Let=E2=80=99s go ad-free! Typing is a thing of the = past = Typeless turns your raw, unfiltered voice into beautifully polished writ= ing - in real time. It works like magic, feel= s like cheating, and allows your thoughts to flow more freely than ever bef= ore. With Typeless, you become more creativ= e. More inspired. And more in-tune with your own ideas. Your voice is your strength. Typeless turns it into a superpower= Download for Mac today *This counts as journa= lism, right? <= table class=3D"j" role=3D"none" width=3D"50%" border=3D"0" cellspacing=3D"0= " cellpadding=3D"0" align=3D"center">   U.S. sues Ticket= master for =E2=80=98deceptive practices=E2=80=99 The Federal Trade Commission has filed a laws= uit against Ticketmaster $LYV ( = =E2=96=B2 0.87% ) and its parent company, Live Nation, accusing= them of deceptive practices in ticket resales. Joined by seven states, the= lawsuit alleges that the companies coordinated with brokers to harvest = millions of tickets, which were then resold at significant markups, making = events less accessible for consumers. The FTC=E2=80=99s complain= t also highlights Ticketmaster's use of =E2=80=9Cbait-and-switch=E2= =80=9D pricing tactics, where tickets were advertised at lower prices t= han their actual final purchase cost. Additionally, the lawsuit accuses Tic= ketmaster of claiming to impose strict buying limits for consumers while br= okers routinely exceeded those limits, reselling tickets at a profit. <= /td> FTC Chairman Andrew Ferguson stressed the importance of fair ticketing p= ractices: =E2=80=9CAmerican live entertainment is the best in the world = and should be accessible to all of us. It should not cost an arm and a leg = to take the family to a baseball game or attend your favorite musician'= s show,=E2=80=9D he said. You=E2=80=99ll need at least the leg = to pay your electricity bill (see story above). He called the lawsuit &quo= t;a monumental step" toward protecting fans. Watch more Today on the =E2=80=98gram: Gold prices up ye= t again <= td style=3D"padding: 4px 20px 0;padding-bottom: 8px" valign=3D"top" class= =3D"txt_social"> cheddar <= /tr> cheddar= 777K followers   <= table width=3D"100%" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" role= =3D"none"> &= nbsp; Add a comment...

= Post of the day: =E2=80=9CI am Spartakimmel=E2=80=9D

The merger, a= pproved by both companies=E2=80=99 boards, will expand Compass=E2=80=99 glo= bal network of agents from a mere 40,000 to a slightly more impressive 340,= 000. Compass expects to leverage Anywhere=E2=80=99s escrow, title, and relo= cation services to drive additional revenue, estimating an increase of o= ver $1 billion from these areas.=C2=A0 <= td class=3D"dd" align=3D"left" style=3D"padding:0px 15px;text-align:left;wo= rd-break:break-word;"> You answere= d: =F0=9F=9F=A8= =E2=AC=9C=EF=B8=8F=E2=AC=9C=EF=B8=8F=E2=AC=9C=EF=B8=8F=E2=AC=9C=EF=B8=8F=E2= =AC=9C=EF=B8=8F I'm concerned but not freaking out about it (yet). (140= votes) &= nbsp; Variety @Variety 400 cele= brities =E2=80=94 from Tom Hanks to Jennifer Aniston, Meryl Streep, Jamie L= ee Curtis, Jason Bateman and more =E2=80=94 have teamed up with the ACLU to= slam Jimmy Kimmel's suspension. =E2=80=9CWe now find ourselves in a = modern McCarthy era, facing exactly the type of heavy-handed government =   3:05 PM =E2=80=A2 Sep 22, 2025   2.75K L= ikes   445 Retweets   310 Replies=  = Quote of the Day =E2=9D=9D   It should not cost an arm and a l= eg to take the family to a baseball game or attend your favorite musician&#= 39;s show.   =E2=80=94the idealistic FTC chairman suing TicketMas= ter =   $100K H-1B visa change = sparks global response The recent decision from President Trump to charge an extra fee of = $100,000 on H-1B visas has sent shockwaves across industries worldwide.= The hike targets new applicants, leaving aspiring workers, employers, and = even education institutions grappling with its potential fallout. While the= White House sought to calm concerns over the weekend by clarifying that th= e fee is a one-time cost for new applicants only, the impact on the long-st= anding H-1B program =E2=80=94 which has been instrumental in bridging talen= t gaps in the U.S. =E2=80=94 remains profound. Immigration experts= warned the BBC of dire consequences. Gil Guerra, an analyst at the Niskanen Cent= er, highlighted how the increase could create labor shortages: =E2=80=9C= This is more likely to cause medium and long-term labor shortages instead o= f immediate disruption,=E2=80=9D he said. David Bier, immigration studi= es director at the Cato Institute, echoed that sentiment, warning that the = change may devastate U.S. innovation: =E2=80=9CIt will deal a devastatin= g blow to U.S. innovation and competitiveness,=E2=80=9D he said. India, which accounts for over 70% of H-1B recipients, is expected to fee= l the immediate shock. Entire industries =E2=80=94 from IT outsourcing to U= S. hospitals reliant on international medical graduates =E2=80=94 are brac= ing for disruption. Sudhanshu Kaushik, founder of the North American Associ= ation of Indian Students, believes this move may drive talent away from the= U.S.: =E2=80=9CMost Indian students will opt for countries where they c= an put down permanent roots,=E2=80=9D he said. R= ead more &nb= sp; Should you check your 401(k) today? =F0=9F=91=8D=EF=B8= =8F=C2=A0 Yet again, yes! Noted TikTok teens Rupert Murdoch= and Larry Ellison might take over TikTok Speculation is swirling around a potential U.S. acqu= isition of TikTok, with Donald Trump naming Rupert Murdoch and Larry Elliso= n as part of a group considering a takeover of the app in an interview on F= ox News=E2=80=99s=E2=80=99s=E2=80=99s The Sunday Briefing. Trump des= cribed the group as =E2=80=9Creally great people, very prominent people= =E2=80=9D who are also =E2=80=9CAmerican patriots.=E2=80=9D <= /td> The men are, let=E2=80=99s say, divisive characters. Murdoch has adm= itted responsibility for a phone hacking scandal in the UK that = shocks the conscience, and Ellison once joked abo= ut shooting a commercial rival dead with a gun. Only one of them= , however, has appeared on The Simpsons. The move is tied to= a 2024 law requiring ByteDance, the China-based parent company of TikTok, = to sell its U.S. operations or face a nationwide ban. While Trump announced= that a deal had been approved in conversations with Chinese President Xi J= inping last week, specifics remain scarce. Larry Ellison, a major O= racle executive and currently the world=E2=80=99s second richest man, was s= ingled out by Trump as =E2=80=9Ca great guy=E2=80=9D who could play = a significant role. <= table width=3D"100%" role=3D"none" border=3D"0" cellspacing=3D"0" cellpaddi= ng=3D"0" style=3D"margin:14px auto 14px auto;"> Watch more $10 billion merger for Compass and Any= where Compass = $COMP ( =E2=96=BC 15.75% ) = and Anywhere Real Estate $HOU= S ( =E2=96=B2 45.55% ) have announced their merger into a singl= e powerhouse valued at approximately $10 billion. It will unite major broke= rage brands such as Compass, Century 21, Coldwell Banker, Sotheby=E2=80=99s= International Realty, and Better Homes and Gardens under one umbrella, pos= itioning the combined company as a monopoly dominant force in the industry. CEO Robert Reffkin expre= ssed his optimism about the partnership, saying, =E2=80=9CBy bringing to= gether two of the best companies in our industry, we now have the resources= to build a place where real estate professionals can thrive for decades to= come.=E2=80=9D The deal comes amidst challenges in the U.S. ho= using market, including elevated mortgage rates and rising prices, which ha= ve slowed buyer activity. Read mor= e P= oll of the day: Trust issues Do you t= rust Rupert Murdoch and Larry Ellison to run TikTok? = Yes No One but not the o= ther (and I'm not saying which) Poll of the day: Your hair is on fire We a= sked: How concerned are you about the president's wanting to cancel bro= adcast licenses for TV stations with critical coverage? =E2=AC=9C=EF=B8=8F=E2=AC=9C=EF=B8=8F=E2=AC=9C=EF=B8=8F=E2=AC=9C= =EF=B8=8F=E2=AC=9C=EF=B8=8F=E2=AC=9C=EF=B8=8F I'm not concerned; I thin= k it's fair. (20 votes) =E2=AC=9C=EF=B8=8F=E2=AC=9C=EF=B8=8F=E2= =AC=9C=EF=B8=8F=E2=AC=9C=EF=B8=8F=E2=AC=9C=EF=B8=8F=E2=AC=9C=EF=B8=8F I'= ;m slightly concerned but not too worried. (39 votes) =C2=A0=F0=9F=9F=A8=E2=AC=9C=EF=B8=8F=E2=AC=9C=EF=B8=8F=E2= =AC=9C=EF=B8=8F=E2=AC=9C=EF=B8=8F=E2=AC=9C=EF=B8=8F I'm kind of freakin= g out about it. (221 votes) =F0=9F=9F=A9=F0=9F=9F=A9=F0=9F=9F=A9=F0= =9F=9F=A9=F0=9F=9F=A9=F0=9F=9F=A9=C2=A0My hair is on fire. That's how concerned I am! (638 votes) 1058 Votes via @beehiiv polls =   Want more Cheddar? Watch us! Search =E2=80=9CChedda= r=E2=80=9D on Samsung, YouTube TV, and most other streaming platforms. = N2K is the tip of of the cheeseberg for financial news, intervi= ews, and more. Find Cheddar Here!

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