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Top stories today:

1. OpenAI revenue at $1.3B ARR, from $28M in 2022
2. CPI comes in above expected and above target in September
3. Google Search Experience can now generate images, drafts
4. UK's CMA approves Microsoft's $68.7B purchase of Activision
5. U.S. VC on pace for slowest year since 2019

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0. Data and calendar

1. OpenAI revenue at $1.3B ARR, from $28M in 2022

46x growth in revenue:

• Valuation of $80-90B is now 62-69x its revenue. - The Information.

2. CPI comes in above expected and above target in September, at 0.4% MoM / 3.7% YoY

• CPI: 0.4% MoM / 3.7% YoY, vs. 0.3% / 3.6% expected, from 0.6% / 3.7% in August.

• Core CPI: 0.3% / 4.1%, in line with expected, from 0.3% / 4.3%. - CNBC, BLS

Markets were little changed, still expecting rate stability and gradual cuts starting in June

3. Longevity Escape Velocity Foundation: doing research to cure and prevent human age-related disease*

• LEV Foundation was co-founded by Dr. Aubrey de Grey, one of the early pioneers in the longevity field.

• Their 2 main projects are Robust Mouse Rejuvenation and Transplants on Demand.

• Your donation can literally save your life, or the life of your closed ones. - Learn more about the LEV Foundation.

*Sponsored.

4. Google Search Experience can now generate images, write drafts