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The Download: RIP EV tax credits, and OpenAI’s new valuation

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1 OpenAI has become the world’s most valuable startup

Move aside, SpaceX. (Bloomberg $)

+ OpenAI is now valued at an eye-watering $500 billion. (FT $)

+ The valuation came after workers sold around $6.6 billion in shares. (Reuters)

2 Music labels are close to striking AI licensing deals

Universal and Warner are trying their best to avoid the mis-steps of the internet era. (FT $)

+ AI is coming for music, too. (MIT Technology Review)

3 Facebook’s political ads are full of spam and scams

And deepfake technology is making them more convincing than ever. (NYT $)

+ Meta will start using conversations with its chatbots to personalize ads. (WSJ $)

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