TechFlow Intelligence: OpenAI's $1.25 trillion valuation finalized with $11 billion funding; Tesla cuts Cybertruck to shift production to Cybercab

OpenAI has closed a $11 billion funding round at a $1.25 trillion valuation, with Bloomberg confirming the wire transfer on Friday and total fundraising potentially reaching $20 billion as SoftBank negotiates a follow-on investment of several hundred million dollars—a more cautious pace than the $12.2 billion raised at an $85.2 billion valuation in March. The deal underscores a widening split in AI: Anthropic's upcoming IPO roadshow now targets a $1 trillion valuation, down from $1.5 trillion, while Microsoft has terminated its AI compute lease with Oracle over outdated Nvidia GPUs, sending Oracle shares down more than 3%. In crypto, Security Alliance estimates the Binance hacker lurked for eight weeks before stealing $630 million, prompting Singapore's MAS to state that crypto is unsuitable for the general public and China's central bank to halt Solana's Shanghai promotional event pending investigation. Greece passed a crypto tax law setting a 10% capital gains rate and 15% on staking and DeFi yields, and roughly 600,000 Nvidia chips are reportedly stranded in Hong Kong as a key transshipment channel for advanced processors into mainland China. Tesla has ended Cybertruck production and will convert the line to build Cybercab robotaxis after years of weak sales.