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The whirlwind management drama at OpenAI last month ended with co-founder Sam Altman reinstated within a week of his surprise dismissal and a much bigger role for Microsoft, which ended up with a seat on the board for the first time since investing billions into the startup earlier this year. That new, cosier relationship is the focus of a new inquiry that was launched today by the Competition

Tulane University’s Innovation Institute will launch a $10 million startup fund for women and minority entrepreneurs, targeting groups who have historically faced barriers in accessing capital to start businesses. The Tulane Ventures fund – built from $5 million in federal funding that was matched by $5 million from Tulane – is the university’s latest move to bolster innovation in New Orleans

Latina activists and entrepreneurs Jess Morales Rocketto and Stephanie Valencia have raised $80 million to launch a new Hispanic media company called the Latino Media Network.

Why it matters: It's one of the largest capital raises for a Latina-owned and operated startup in the U.S.

A fund backed by Bill Gates has invested in a startup working to develop lab-manufactured breast milk, but it won’t reach the market for several years. Yet, social media posts make baseless claims that Gates is behind the current baby formula shortage — which stems from supply-chain issues and the shutdown at a major manufacturing plant.

Breakthrough Energy Ventures, a fund backed by