OpenAI closes $6.6 billion funding haul at valuation of $157 billion with investment from Microsoft and Nvidia
By Krystal Hu (Reuters) – OpenAI has raised $6.6 billion from investors at a post-money valuation of $157 billion, cementing…
Business
SoFi debuts platform for companies to offer expanded access to IPOs
By Hannah Lang (Reuters) -California fintech giant SoFi is teaming up with British capital markets platform PrimaryBid Technologies to expand…
OpenAI closes $6.6 billion funding haul with investment from Microsoft and Nvidia
By Krystal Hu (Reuters) -OpenAI, the company behind ChatGPT, has raised $6.6 billion from investors, which could value the company…
Lilly to invest $4.5 billion on new facility to scale-up pipeline drug production
(Reuters) -U.S. drugmaker Eli Lilly said on Wednesday it will invest $4.5 billion to create a new center in Indiana…
Tesla’s quarterly deliveries set to rise as China incentives lure wary EV buyers
By Akash Sriram and Abhirup Roy (Reuters) – Tesla is expected to report an 8% jump in third-quarter deliveries of…
AT&T sells stake in DirecTV to TPG for $7.6 billion
(Reuters) -AT&T said on Monday it would sell its entire 70% stake in satellite TV provider DirecTV to private equity…
Exclusive-TPG in lead to buy stake in Creative Planning at $15 billion valuation, sources say
By Milana Vinn and David French (Reuters) – Buyout firm TPG has emerged as the frontrunner to pick up a…
India to probe fire at Tata plant making components for Apple iPhones
By Haripriya Suresh and Praveen Paramasivam BENGALURU (Reuters) – Indian authorities are set to begin a forensic investigation into the…
Assets in actively managed ETFs top $1 trillion worldwide
By Suzanne McGee (Reuters) – Assets in actively managed exchange-traded funds (ETFs) worldwide hit a record $1 trillion at the…
Thyssenkrupp steel head prepares staff for ‘tough’ cuts
FRANKFURT (Reuters) – Thyssenkrupp’s 27,000 steel workers must brace for deep cuts, the new head of the conglomerate’s steel division…