TECH NEWS

OpenAI is hiring a power trader, because electricity is now a position on its books

OpenAI is recruiting a power-trading lead for its data centres. The role will own commodity hedging strategy across the company’s power portfolio. It will have no direct reports at first.

Bloomberg’s Julian Hast reported the listing on Monday. OpenAI did not immediately respond to a request for comment.

The company’s own job posting places the role on the Power & Land team, inside datacenter design. It pays $181,000 to $285,000 plus equity, and it is open in Seattle, San Francisco or remote.

What the job actually asks for

OpenAI wants at least 10 years in power trading, commodity risk management or utility strategy. It also wants a deep understanding of US wholesale power markets and the natural gas markets attached to them.

The work is recognisably a trading desk. The hire would quantify exposure across markets and sites, then evaluate fixed-price supply, forwards, swaps and options.

They would also...

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Now Rippling is counter suing tiny startup Runlayer

HR startup Rippling filed a lawsuit Monday accusing MCP gateway startup Runlayer of infringing on three of its patents, according to the lawsuit seen by TechCrunch. The filing comes after Runlayer sued the HR startup last month, accusing it of breach of contract and stealing its product ideas. It’s

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Shein’s IPO is being pitched at under $30 billion. Four years ago it was worth $100 billion.

TL;DR Shein advisers pitching HK IPO at sub-$30B, down 70% from $100B+ peak. Q1 net loss $99M. Net profit fell from $3.4B to $2B. Margins halved to 4.9%. Tariffs, Temu competition, and lost de minimis exemption crushing model. Shein’s advisers are pitching the fast-fashion giant

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Google Play adds Venmo as a payment option in the US. In other markets, it is testing cash.

TL;DR Venmo now accepted on Google Play in the US for apps, games, subscriptions, and creator tips. Joins PayPal, Cash App, and cards. $167B spent on in-app purchases in 2025 (up 10.6%). Google also testing cash payments via Pending Transactions in some markets. Google Play now accepts Venmo

What the job actually asks for

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Now Rippling is counter suing tiny startup Runlayer

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Shein’s IPO is being pitched at under $30 billion. Four years ago it was worth $100 billion.

Google Play adds Venmo as a payment option in the US. In other markets, it is testing cash.