OpenAI's $30M Cashouts, Circle's Blockchain OS Bet, and the Death of 90-Day Disclosure

In today's episode: Sources: OpenAI facilitated a $6.6B secondary share sale in October 2025 for 600+ current and ex-employees; over 75 people cashed out the maximum cap of $30M Circle raised $222M via the presale of its native Arc token at a $3B valuation; a16z led with a $75M investment, with participation from BlackRock and others Microsoft's Playground Games accidentally uploads unencrypted pre-load files for Forza Horizon 6 to Steam, leaking the PC version before its release next week The 90-day vulnerability disclosure policy is dead, as LLMs compress bug finding and exploit development time, and critical issues must be patched immediately Dua Lipa files a $15M lawsuit against Samsung, alleging that it used her likeness to sell TVs without paying her and without permission starting in 2025 TikTok plans to roll out TikTok Ad-Free, a £3.99-per-month subscription for UK accounts aged 18 or older in the coming months, after testing the option in 2023