'Chasing vibes' — OpenAI's M&A strategy gets more confusing with TBPN purchase

OpenAI announced its purchase of TBPN (Technology Business Programming Network), a media company that streams a daily three-hour tech talk show, marking another acquisition alongside its $6.4 billion purchase of hardware startup io. The acquisition strategy appears unclear to investors and analysts, as the company faces intensifying competition from rivals like Google and Anthropic while dealing with significant losses from infrastructure spending ahead of a planned IPO.