Latest in Destroyed Billion Value
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$40B into the furnace: As OpenAI adds a million users an hour, the race for enterprise AI dominance hits a new gear
In a move that surprised the tech industry Monday, OpenAI said it has secured a monumental $40 billion funding round led by SoftBank, catapulting its valuation to an unprecedented $300 billion -- ...VentureBeat - 3d -
OpenAI funding round could be cut by $10B if for-profit conversion doesn't occur by year-end
OpenAI’s massive private funding round could be slashed by as much as $10 billion if the company doesn’t restructure into a for-profit entity by Dec.NBC News - 3d -
Trump Administration Demands Additional Cuts at C.D.C.
In addition to reductions in agency personnel, federal regulators are demanding $2.9 billion in contract cancellations.The New York Times - 15h -
Timberwolves sale from Glen Taylor to Marc Lore, Alex Rodriguez agreed to, moving forward
Taylor tried to stop the $1.5 billion sale and the two sides ended up in arbitration, but the deal is now going through.Yahoo Sports - 11h -
Journalist Graydon Carter: ‘If there was another 9/11 this week, I don’t think the world would rush to support us’
The former Vanity Fair editor on how #MeToo changed Hollywood, what Christopher Hitchens would make of the US today, and the value of a handkerchief. Graydon Carter, 75, is a Canadian-born ...The Guardian - 4d -
Three Booker T. Washington boys soccer standouts sign to play at collegiate level
I saw them become very strong, young men with good values. To see how much they have grown, that’s the most important," coach Felipe Lawall said.Yahoo Sports - 3d -
Chelsea report £128.4m profit after selling women’s side to themselves
Club turn last year’s pre-tax loss into pre-tax profit Move scrutinised over rules around fair market value Chelsea appear to have complied with the Premier League’s profitability and ...The Guardian - 3d -
Liverpool Willing to Move on From Barcelona, PSG-Linked Defender, Eye South American Star
Paris Saint-Germain have been focused on signing young, emerging talent in recent transfer windows, but both Luis Enrique and Luis Campos recognize the value of experience—provided it fits with the ...Yahoo Sports - 2d -
NHL and Rogers announce a 12-year Canadian media rights deal through the 2037-38 season
The NHL and Rogers Communications announced a new 12-year national media rights deal Wednesday to air games on multiple platforms in Canada. The agreement, which was first reported Monday, is ...Yahoo Sports - 1d -
Liverpool’s Major Concern Over Barcelona, PSG-Linked Standout Could Lead to Exit
Paris Saint-Germain have prioritized signing young, rising talent in recent transfer windows, but Luis Enrique and Luis Campos recognize the value of experience—provided it fits the club’s identit...Yahoo Sports - 1d -
Trump tariffs see stocks dive and investors scramble to bonds, gold and yen
Nasdaq futures tumbled 3.3% and in after-hours trade as $760bn was wiped from the market value of ‘Magnificent Seven’ technology leaders. Stocks dived and investors scrambled to the safety of ...The Guardian - 23h -
Olivia Munn reflects on topless scene in new show after having double mastectomy
Olivia Munn, who is returning to acting after breast cancer, says she was actually more insecure about her body before surgery and values her body much more now.NBC News - 11h -
Federal funding cuts are raising questions about university endowments. Here's what some are worth and how they work
Columbia is one of the richest universities with a $14.8 billion endowment. Still, covering federal funding cuts isn't as simple as smashing a piggy bank.CNBC - 2d -
Cliff Asness's AQR multi-strategy hedge fund returns 9% in the first quarter during tough conditions
The Apex strategy from Cliff Asness' firm, which combines stocks, macro and arbitrage trades with $3 billion in assets under management, gained 9% in Q1.CNBC - 2d -
Europe warns of "strong plan to retaliate" ahead of new Trump tariffs
European Union already intends to impose duties on U.S. goods worth some $28 billion in mid-April in response to Trump's steel and aluminum tariffs.CBS News - 2d -
Trump Media filing opens door for president to sell $2B in stock
Trump's social media company filed paperwork with the Securities and Exchange commission that could allow the president's trust to sell more than $2 billion of shares.ABC News - 1d -
ACLU sues Trump administration over NIH grant cancellations
A coalition of health researchers, unions and other stakeholders filed a lawsuit Wednesday challenging the abrupt cancellation of billions of dollars in research grants by the National Institutes ...The Hill - 1d -
Angola Rail Line Offers Clues to Trump’s Africa Policy
The $4 billion project was the Biden administration’s signature initiative in Africa. Early signs are that the Trump team supports it, too, for mineral access if nothing else.The New York Times - 11h -
How Kennedy is already weakening America's childhood vaccine system
Robert F. Kennedy Jr.'s Department of Health and Human Services cut $2 billion from a program that supports vaccines for vulnerable children.NBC News - 8h -
Apple Leads Tech Stock Sell-Off After Trump Tariffs, Falling 9 Percent
The company counts on the sale of devices for three-quarters of its nearly $400 billion in annual revenue, and it makes almost all of its iPhones, iPads and Macs overseas.The New York Times - 6h -
Eli Lilly boss: 'Tariffs are pivotal moment and hard to come back from'
The Chief Executive of Eli Lilly has told the BBC that he is doubtful tariffs could bring manufacturing jobs to the US whilst raising billions in tax revenueBBC News - 3h -
Brown University to see federal funding halted by Trump administration
A White House official says the Trump administration is planning to halt more than half a billion dollars in contracts and grants awarded to Brown UniversityABC News - 2h -
Trump administration fires staff of program that helps low-income homes pay for heat
The Trump administration has laid off the entire staff of a $4.1 billion program that helps low-income households nationwide pay for heatABC News - 2h -
Trump Administration Sends Harvard a List of Demands to Protect Federal Funds
The list was similar to one sent to Columbia University last month after the government canceled $400 million to the school. Harvard may have $9 billion on the line.The New York Times - 49m -
E.U. Prepares Major Penalties Against Elon Musk’s X
European regulators are considering fining X more than $1 billion, after weighing the risks of further antagonizing Mr. Musk and President Trump.The New York Times - 1h -
Tencent invests $1.25B in Ubisoft’s new core games operating division
Tencent has invested $1.25 billion in a new Ubisoft operating division that includes the core games Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six brands. Ubisoft, the French video game ...VentureBeat - Mar. 27 -
Clean energy spending boosts GOP districts. But lawmakers are keeping quiet as Trump targets incentives
We asked 18 Republicans whose districts benefit most from Biden’s IRA climate law if they back Trump’s demands. Billions of dollars in clean energy spending and jobs have overwhelmingly flowed to ...The Guardian - 3d -
Feb 24: CBS News 24/7, 1pm ET
President Trump and French President Emmanuel Macron meet at the White House to discuss the war in Ukraine; Apple plans to invest $500 billion in the U.S. over the next four years.CBS News - 3d -
Wall Street banks got meager payout from CoreWeave IPO
After waiting over three years for a billion-dollar-plus IPO from a U.S. tech company, Wall Street's top banks only got a 2.8% fee.CNBC - 3d -
Scientists release plans for even bigger atom smasher along the French-Swiss border
Scientists at the world’s largest atom smasher have released a blueprint for a much bigger successor that could help solve enigmas of physics, starting in the mid-2040s at a cost of about $16 billionABC News - 2d -
The White House’s mixed message on its tariff policy
Trump's tariffs could raise $600 billion a year, but this would only happen if consumers avoid substitution and continue to buy foreign goods at tariff-elevated prices, which is unlikely.The Hill - 2d -
Pennsylvania's largest coal-fired power plant, now retired, to become gas-powered data center campus
What was once Pennsylvania’s biggest coal-fired power plant is being turned into a $10 billion natural gas-powered data center campus designed to capitalize on Big Tech's fast-growing energy demandsABC News - 1d -
Switch 2 Release Date, Price, Launch Games, And Everything Else We Know
After seven years on the market, 150 million systems, and more than 1 billion games sold for the original Switch, Nintendo is finally ushering in its next console--the Nintendo Switch 2. Following ...GameSpot - 1d -
A-Rod, Lore to own Timberwolves after standoff
Glen Taylor has agreed to the Marc Lore-Alex Rodriguez group acquiring 100% ownership of the Minnesota Timberwolves and Minnesota Lynx at the same $1.5 billion price the sides agreed on in 2021, ...ESPN - 1d -
Greece vows to spend $27B on armed forces overhaul centered on high-tech warfare technology
Greece has announced a $27 billion defense overhaul focused on high-tech warfare, including AI-powered missile systems, drones, and next-generation military gearABC News - 1d -
Trump hits UK with 10% tariffs as he ignites global trade war
Britain gets off comparatively lightly but US president’s action could still cost billions in lost growth. US politics – latest updates Donald Trump has hit the UK with tariffs of 10% on ...The Guardian - 1d -
Trump crackdown casts chill over international student programs
Colleges are increasingly worried about President Trump scaring away their international students. More than a million foreign-born scholars attend U.S. universities every year, bringing billions ...The Hill - 17h -
Feb 27: CBS News 24/7, 10am ET
Nearly $60 billion in foreign aid cut as USAID gets dismantled and workers clear their workspaces; "CBS Mornings" co-host Gayle King heading to space as part of Blue Origin's historic all-women crew.CBS News - 12h -
OpenAI just made ChatGPT Plus free for millions of college students — and it’s a brilliant competitive move against Anthropic
OpenAI offers free ChatGPT Plus to college students just before finals week, escalating competition with Anthropic's Claude as tech giants battle for dominance in the $80 billion education AI market.VentureBeat - 2h
