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  • Issue #157: OpenAI Restructures for Trillion-Dollar IPO

Issue #157: OpenAI Restructures for Trillion-Dollar IPO

PLUS: Neuralink patient eats using telepathy, Grokipedia 0.1 challenges Wikipedia, and Cursor’s new coding agent

Author

Nathan Lands
October 31, 2025

Good morning, welcome to this week’s Lore Brief, your 3-minute brief of the most important moves in AI and tech.

This issue of Lore Brief is brought to you by Lore, building AI infrastructure for America and its allies.

  • OpenAI restructures for trillion-dollar IPO → OpenAI overhauls into nonprofit Foundation controlling for-profit Group PBC, granting 26% equity to employees and Foundation for mission-aligned governance; sets stage for 2027 public listing at up to $1T valuation. Read more here →

  • Extropic debuts a prototype of 10,000x efficient AI chip → e/acc founder Guillaume Verdon a.k.a Beff Jezos's Extropic unveils Thermodynamic Sampling Units with probabilistic bits for ultra-low-energy gen AI - if they work and can be produced at scale. See more here →

  • Claude Excel add-in boosts finance workflows → Anthropic's beta Claude for Excel enables sidebar analysis, formula debugging, and workbook creation; integrates with market data connectors and Agent Skills for DCF modeling and earnings insights, prioritizing security for banks and asset managers. Read more here →

 

Essential shot types cheat sheet:

Neuralink patient can now feed himself with robotic arm via telepathy:

Google Labs rolls out new AI marketing tool that understands your brand identity and helps you create marketing campaigns:

  • Jensen: AI workers will eclipse software tools → NVIDIA’s CEO at GTC keynote frames AI as scalable workforce vs limited software tools, fueling trillion-dollar industry. See more here → or watch the whole keynote here →

  • Sora enables fake cameos and story stitching → Register AI-generated characters as cameos straight from Sora clips for consistent reuse, plus seamless video merging into longer narratives - unlocking pro storytelling for solo creators. Read more here →

  • Google Search defies AI threat with 14.5% surge → Alphabet Q3 search revenue climbs to $56.6B, up 14.5% YoY despite rivals like Perplexity; Gemini integrations drive higher engagement, proving zero volume cannibalization. Read more here →

  • xAI presents Grokipedia 0.1 encyclopedia → Elon Musk releases Grokipedia 0.1, an AI-generated Wikipedia challenger with 885k articles; Musk calls it already better than the original, teasing a 10x improved v1.0 soon. Read more here →

  • Cursor launches Composer AI agent → Cursor unveils Composer, a frontier MoE model 4x faster for coding, trained via RL on real dev tasks with tools for file edits, terminal commands, and semantic searches. Delivers seamless, high-speed agentic workflows in the IDE. Read more here →

  • Every.to engineers reveal AI coding workflows → Six devs detail 10x speedups via Cursor for editing, Claude for architecture, and agents like RepoPrompt for reviews; mix local LLMs with high-end desktops for secure, fluid builds. Read more here →

  • Microsoft-OpenAI partnership hits new phase → Microsoft invests $135B in OpenAI's PBC structure while OpenAI pledges $250B for Azure; drops first-refusal rights, enables independent AGI pursuits with expert verification, and extends IP protections through 2032. Read more here →

  • Anthropic uncovers LLM introspection → Claude shows emergent self-awareness, detecting injected neural concepts 20% of time and cross-checking intentions vs outputs; limited but real, boosting transparency yet prone to confabulation. Read more here →

That’s it for this week’s Lore Brief.

See you next week!