A former OpenAI researcher has rapidly raised over $1.5 billion for a hedge fund focused on investing in companies poised to benefit from AI advancements, including semiconductor and infrastructure firms. The fund saw a significant return of 47% in the first half of the year, significantly outperforming traditional market indices.

Figma's highly anticipated IPO resulted in a significant surge in its stock price, leading to a market capitalization that quickly reached $45 billion. This reflects strong investor confidence and the growing demand for design tools in the tech industry.

Figma's recent IPO has led to a significant boost for venture capital firms, with four major firms collectively holding approximately $24 billion in stock. The company's shares soared 250% on their first trading day, contrasting sharply with the subdued tech IPO market of recent years, and highlighting a potential resurgence in investor confidence.