Microsoft looks for an OpenAI alternative, Figma tests the IPO waters, and I'm sorry, what? A $90K Cheeto?

This newsletter provides a snapshot of recent tech and business news, covering topics such as Microsoft exploring alternatives to OpenAI, and Figma considering an IPO. It highlights significant funding rounds for AI-focused startups across various sectors and reports on companies planning to go public, including Kraken. The newsletter also touches upon concerns regarding AI's impact on social connections and mentions other noteworthy events, such as a Presidential order on cryptocurrency and a unique Cheeto selling for a high price.