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To Secure $40 Billion, OpenAI Must Complete For-Profit Transition by End-Year
SoftBank can reduce funding to $20 billion if OpenAI fails to fully transition by the deadline.Inc. - 4d -
$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 - 2d -
OpenAI backs deepfake cybersecurity startup Adaptive Security in new funding round
Artificial intelligence cybersecurity company Adaptive Security announced a $43 million funding round co-led by OpenAI.CNBC - 21h -
OpenAI funding round could be cut by $10 billion if for-profit conversion doesn't occur by year-end
If OpenAI doesn't restructure into an independent for-profit company by Dec. 31, its mega-financing round could be slashed by $10 billion.CNBC - 2d -
OpenAI closes $40 billion funding round, largest private tech deal on record
OpenAI on Monday announced the close of its $40 billion financing, the most money raised in a single round by a private tech company.CNBC - 1d -
OpenAI closes $40B funding round
OpenAI raised $40 billion from investors in its latest funding round, the ChatGPT maker announced Monday. The deal, which values the artificial intelligence (AI) company at $300 billion, was led ...The Hill - 1d -
An AI 'gold rush.' What to know about OpenAI's record $40-billion funding round
The latest $40-billion investment round will bring the ChatGPT's valuation to $300 billion.Los Angeles Times - 1d -
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 - 2d -
OpenAI Closes Deal That Values Company at $300 Billion
The start-up’s valuation, which has nearly doubled in six months, shows continued enthusiasm for A.I. among investors.The New York Times - 2d -
OpenAI secures $300bn valuation after $40bn SoftBank-led funding round
Newest financing comes as ChatGPT maker seeks to become conventional for-profit companyFinancial Times - 2d -
OpenAI raises $40bn in deal with SoftBank that values it at $300bn
Japanese investor to put $10bn at first into OpenAI and $30bn more by end of 2025 if certain conditions are met. Business live – latest updates OpenAI has raised $40bn (£31bn) through ...The Guardian - 1d -
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 - 23h -
Alphabet to buy cybersecurity startup Wiz for $32 billion
Google owner Alphabet has agreed to buy cybersecurity startup Wiz for $32 billionABC News - Mar. 18 -
Amazon's Nova AI agent launch puts it up against rivals OpenAI, Anthropic
The new tool, called Nova Act, will compete with other agentic AI tools launched by the likes of OpenAI and Anthropic.CNBC - 2d -
OpenAI to release open-source model as AI economics force strategic shift
OpenAI plans to release its first open-weight AI model since 2019 as economic pressures mount from competitors like DeepSeek and Meta, marking a significant strategic reversal for the company ...VentureBeat - 2d -
Ashton Hall’s Unconventional Morning Routine Has Drawn Nearly a Billion Views
Ashton Hall’s unconventional morning routine has drawn close to a billion views, and scores of copycat videos.The New York Times - Mar. 25 -
Musk’s xAI Buys Social Media Platform X for $45 Billion
Elon Musk said on X that ‘xAI and X’s futures are intertwined.’ He bought Twitter for $44 billion in 2022.Inc. - 5d -
Amazon's Nova AI agent launch puts it up against rivals OpenAI, Anthropic
Amazon on Monday released a new AI model that can take actions in a web browser on a user’s behalf, a move that puts it in more direct competition with OpenAI, Anthropic and other companies that ...NBC News - 2d -
Eight Watch Brands Now Sell $1 Billion a Year
There now are eight brands selling more than $1 billion each year. Experts say it means big brands are getting bigger and their products are getting pricier.The New York Times - 3d -
Trump and Musk are targeting Social Security, and you should worry
Why go after Social Security? Because that's where the money is.The Hill - 2d -
Timberwolves sale: Marc Lore, Alex Rodriguez get ownership for $1.5 billion as Glen Taylor settles dispute
The $1.5 billion price tag is far below what other teams have sold for in recent yearsCBS Sports - 21h -
National security adviser Michael Waltz reportedly conducted business via Gmail
Latest security flap again focuses scrutiny on Waltz after he earlier added journalist to Yemen war-planning chat. US politics live – latest updates Michael Waltz, the embattled national ...The Guardian - 21h -
Trump Says TikTok Deal Will Be Secured Before Saturday Deadline
The video-sharing app has an April 5 deadline to secure a non-Chinese buyer or otherwise face a national ban.Inc. - 2d -
How military spouses can manage entrepreneurship while building retirement security
Establishing a business is a time-consuming undertaking, but entrepreneurs shouldn't put their retirement security on the backburner.CNBC - 1d -
DOGE Was Created to Save the Government Money. It May End Up Costing Billions Instead
DOGE reports it has saved $130 billion, but between lost tax income and severance costs, the unit may wind up costing the U.S.Inc. - 5d -
Watch live: Democrats to call out layoffs at Social Security Administration
Democrats in both chambers of Congress are railing against executive actions from the Trump administration that target social programs such as Social Security and Medicaid. Senate Democratic Leader ...The Hill - 1d -
OpenAI Unveils New Image Generator for ChatGPT
The company’s chatbot can now create elaborate and unusual images.The New York Times - Mar. 25 -
Social Security isn't the third rail of American politics any more
Team Trump seems to have concluded that Social Security is no longer the “third rail of American politics” — that they can touch it and live to tell the tale. It will be up to voters to prove them ...The Hill - 2d -
Purdue Pharma submits opioid lawsuit settlement plan, including up to $7 billion cash from Sacklers
Members of the Sackler family who own the OxyContin maker Purdue Pharma would hand over the company and up to $7 billion in cash in the latest plan to settle thousands of lawsuits over the toll of ...ABC News - Mar. 19 -
US gives initial approval for Qatar to purchase MQ-9 armed drones for nearly $2 billion
The United States has given an initial approval for the energy-rich Mideast nation of Qatar to buy eight armed MQ-9B Predator drones for its military, an estimated purchase worth nearly $2 billionABC News - Mar. 27 -
Elon Musk sells X to his own xAI for $33 billion in all-stock deal
Elon Musk has sold social media site X to his own xAI artificial intelligence company in a $33 billion all-stock deal, the billionaire announced on FridayABC News - 5d -
The NHL and Rogers agree on 12-year, $7.7 US billion media rights deal in Canada, AP source says
The NHL has reached an agreement with Rogers Communications on a 12-year, $7.7 US billion media rights agreement in Canada, according to a person familiar with the deal. The contract is the latest ...Yahoo Sports - 2d -
Mike Waltz’s team set up at least 20 Signal chats for national security work – report
National security adviser and team shared ‘sensitive information’ in group chats on app, sources tell Politico. Donald Trump ’s national security adviser, Mike Waltz , and his team have created ...The Guardian - 16h -
Trump administration's appeal of a temporary restraining order preventing DOGE access to Social Security data is denied
The Trump administration's appeal of a temporary restraining order blocking DOGE access to personal Social Security data has been denied.CNBC - 18h -
Changes at Social Security Administration may impact customer service, benefit payments, experts say
The Social Security Administration's reported plans to switch its technology systems on an accelerated timeline may put benefit payments at risk, experts warn.CNBC - 1d -
Trump Administration Will Review Billions in Funding for Harvard
The move follows the cancellation of roughly $400 million in funding for Columbia and the suspension of $175 million for the University of Pennsylvania.The New York Times - 2d -
India electronics manufacturing secures $2.7bn boost
Also in this newsletter: Viswanathan Anand’s academy is churning out chess champions, and declining stock markets have Indians buying more goldFinancial Times - 2d -
What Happens When There’s a Real National Security Crisis?
In its first military action, the Trump administration showed itself to be reckless and unserious.The New York Times - 4h -
ChatGPT gets smarter: OpenAI adds internal data referencing
Users of ChatGPT Team can now add internal databases as references for ChatGPT, making the chat platform respond with better context.VentureBeat - 6d