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OpenAI has become the first private company to reach a $500 billion valuation following the sale of shares by current and former employees, an increase from $300 billion just months prior. Fair Isaac Corporation (FICO) saw a 24% rise in stock price after announcing a direct license program allowing mortgage originators to compute and distribute FICO scores, directly impacting competitors like Equifax, TransUnion, and Experian, which experienced stock declines as a result. Berkshire Hathaway will acquire Occidental Petroleum’s petrochemical division, OxyChem, for approximately $9.7 billion, reflecting a strategic move within Berkshire’s extensive investment portfolio.
This podcast episode was recorded on October 2, 2025. OpenAI founder Sam Altman projects the need for 250 gigawatts of power by 2033 to support its operational expansion, a figure likened to the capacity of 22 large nuclear power plants. Meanwhile, Berkshire Hathaway’s deal represents about 1% of its market cap and utilizes its existing shareholdings in Occidental, which stands at roughly 27%.
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