Latest in Valuation Billion
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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 - 23h -
$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 - 22h -
OpenAI secures $300bn valuation after $40bn SoftBank-led funding round
Newest financing comes as ChatGPT maker seeks to become conventional for-profit companyFinancial Times - 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 -
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. - 4d -
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. - 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 - 1d -
Musk’s merger suffers from serious grade inflation
The huge valuations ascribed to X and xAI have raised eyebrowsFinancial Times - 1d -
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 - 1d -
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 - 8h -
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. - 3d -
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 - 5d -
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 - 3d -
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 - 1d -
Dutch pensions to invest €100bn in risky assets boosting Europe’s defence efforts
APG boss says largest part of investment to be within bloc owning to ‘attractive valuations’Financial Times - 2d -
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 - 10h -
Trump Administration Abruptly Cuts Billions From State Health Services
States have been told that they can no longer use grants that were funding infectious disease management and addiction services.The New York Times - 5d -
SpaceX Faces Fresh Competition for $5.6 Billion in Government Contracts
Rocket Lab and startup Stoke Space were selected to compete for Department of Defense contracts through 2029.Inc. - 4d -
Real Estate Fund Exceeds $2.5 Billion for Affordable Housing
The size of the fund, which is run by the Vistria Group, highlights how investors see an opportunity to address the nation’s housing crisis.The New York Times - 1d -
A Quarter-Billion Dollars for Defamation: Inside Greenpeace’s Huge Loss
A pipeline company’s lawsuit against the environmental group could chill free speech, experts said. First Amendment issues are likely to figure prominently in an appeal.The New York Times - 1d -
Professors Pushed Harvard to Resist Trump. Now Billions Are on the Line.
Harvard, the wealthiest school in the world, sought compromise amid pressure to do more to combat antisemitism. The Trump administration is examining its funding anyway.The New York Times - 5h -
Biggest cost from Trump’s tariffs is uncertainty for Asian carmakers
Companies forced to make billion-dollar bets in face of unpredictable politicsFinancial Times - 10h -
Tariffs will likely raise much less money than White House projects, economists say
White House trade adviser Peter Navarro said tariffs would raise about $600 billion to $700 billion a year. Economists say that's nearly impossible.CNBC - 2h -
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 - 1h -
Canadians pull back on U.S. trips, threatening to widen United States' $50 billion travel deficit
Some carriers are cutting back U.S. flights from Canada due to weaker demand.CNBC - 3d -
Elon Musk says xAI has acquired X in deal that values social media site at $33 billion
In a social media post on Friday, Elon Musk said his startup xAI has acquired his social media company X.CNBC - 2d -
California wildfires left behind 9 billion pounds of toxic ash and debris | 60 Minutes
After the wildfires ravaged homes in Los Angeles, California, cleanup crews faced a new challenge: electric car batteries that can explode when damaged.CBS News - 1d -
The NHL and Rogers reportedly agree on 12-year, $7.7 US billion media rights deal in Canada
The contract is the latest source of revenue for the league as the salary cap continues to climb.Yahoo Sports - 22h -
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 - 1d -
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 - 11h -
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 - 5h -
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 - 2h -
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 - 5d -
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 - 1d -
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 - 1d -
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 - 23h -
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 - 14h
