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David Bahnsen discusses OpenAI scaling back its fundraising target. Bahnsen warns Taylor Riggs that OpenAI’s $1.25 trillion valuation is ‘insanely high’ for a company projected to lose money with no positive free cash flow for nearly a decade.

Elisa de Martel, who was chief financial officer at Alphabet’s autonomous vehicle company Waymo, has been hired to the same position at buzzy self-driving vehicle startup Wayve. Outgoing CFO Max Warburton, who held the position at Wayve since 2024, is moving into a strategic advisory role supporting the company’s leadership team.

Companies have been increasingly using AI’s image generation chops to teach people photography skills. Google last year released a feature called Camera Coach on Pixel phones to guide users about framing and composition, and in July, Adobe released a new feature in its experimental camera app to use AI to critique photos and suggest changes…