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Fortune
Fortune
Jim Edwards

OpenAI IPO looks like a no-go: Sam Altman is discussing a new round of VC funding valuing the company at $1.2 trillion

(Credit: Photographer: David Paul Morris/Bloomberg)

Good morning. On Fortune’s radar today:

  • OpenAI could delay IPO in favor of $1.2 trillion funding round.
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  • The September Effect: Stocks always go down in this month. No one knows why.
  • Expect a rate hike from the Fed today.
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  • How much cash Paris Saint-Germain made in this year’s transfer market.
  • 40% of your 9/11 memories are wrong .
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