Julie Chang

But it changed course and began racing to a stock listing last year, as CEO Elon Musk pushes to build out data centers in space, a pricey endeavor that a giant IPO could help fund.

Visa has rolled out six AI tools aimed at improving dispute resolution, which the company says will reduce billions of dollars in annual losses.

Visa says the tools include streamlining the pre-dispute process, preventing disputes by surfacing transaction details, and unifying dispute workflows into a centralized platform.

Finally, later today, NASA is set to launch four astronauts around the moon.

Artemis II will be the deepest human spaceflight since the final Apollo lunar landing in 1972, the highest-stakes mission at NASA in more than 50 years.

The roughly 10-day trip from Florida's Kennedy Space Center will use vehicles that have never carried astronauts before, and it's possible the launch will be delayed if certain weather conditions roll through the area or technical problems arise.

And that's it for your TMB Tech Minute.

Check back in the morning for another quick tech update.

Here's your afternoon TNB Tech Minute for Tuesday, March 31st.

I'm Julie Chang for The Wall Street Journal.

OpenAI completed the largest funding round in Silicon Valley history, raising $122 billion.

The deal shows how the ChatGP team maker is diversifying its shareholder base ahead of its planned IPO, which is expected by the end of the year.

As part of the financing, OpenAI raised more than $3 billion from wealthy investors through banks and said it would be included in several exchange-traded funds managed by ARK Invest.

Amazon, Nvidia, and SoftBank also committed $110 billion to the funding round, while additional cash came from Silicon Valley and Wall Street investment firms.

Oracle began to significantly lay off its workforce today.

The cuts come as the cloud and database company invests in costly data centers for AI.

According to employees and several posts on LinkedIn, Oracle is cutting jobs across its business lines.

Some affected staff told the journal they received an early morning email from Oracle leadership, informing them that it was their last day.

The full scope of the layoffs isn't yet clear, but some employees said internal metrics show a reduction so far in the thousands.

Representatives for Oracle declined to comment.