OpenAI has closed another round of funding, totalling $110 billion being newly committed to the maker of ChatGPT, which it says has more than 900 million weekly active users and over 50 million consumer subscribers. Amazon is investing $50 billion and striking a deal that includes plans for custom models and more. Nvidia and SoftBank are each contributing $30 billion, as well, even as the Wall Street Journal notes that Nvidia's previous $100 billion investment plan is "on ice." This marks another massive influx of cash for the company that's now valued at $730 billion, and previously closed a $40 billion round in 2025. At the time, it was th …
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But the majority of the economic literature points to these drawbacks being eventually mitigated by the economic upsides to immigration. Higher housing prices are usually offset by increased supply owing to many immigrants joining the construction industry. And the greater GDP growth that usually accompanies immigration can actually raise native-born wages, the Deloitte researchers noted, by boosting overall productivity.