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✈️ JetBlue has sold its venture arm, JetBlue Ventures, to Sky Leasing as part of an effort to cut costs and refocus on its core airline business. The move is part of a broader trend: Corporate VCs are cooling off as companies rethink pricey innovation bets in a sluggish tech market. Read more
⏪ OpenAI has reversed course on its plan to become a conventional for-profit, opting instead to remain governed by its nonprofit board. The shift casts uncertainty over a massive $40 billion SoftBank-led funding round, which had hinged on the restructuring. Full story
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