OpenAI closes funding at $157 billion valuation as Microsoft, Nvidia, SoftBank join round
OpenAI has closed its long-awaited funding round at a valuation of $157 billion, including the $6.6 billion the company raised...
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Microsoft’s mammoth AI bet will lead to over $100 billion in data center leases
As Microsoft investors get ready for quarterly earnings this month, there’s one particular metric that’s become increasingly important: finance leases. A finance...
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East and Gulf coast ports shut down as thousands of workers go on strike
Tens of thousands of longshoremen went on strike at midnight ET, shutting down major ports along the East and Gulf...
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PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion
PepsiCo said Tuesday that it’s buying Mexican-American food company Siete Foods for $1.2 billion, marking the company’s first food acquisition in...
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Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike
With a potential strike at ports up and down the East Coast and along the Gulf Coast set to begin...
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Sam Altman tells OpenAI staff there’s no plan for him to receive ‘giant equity stake’ in company
At an all-hands meeting Thursday, OpenAI CEO Sam Altman denied that there are plans for him to receive a “giant...
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Trademark dispute emerges over Tiger Woods’ new logo
Tiger Woods’ new logo for his Sun Day Red golf apparel line is facing a trademark dispute. Tigeraire, a company...
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Why JPMorgan Chase is prepared to sue the U.S. government over Zelle scams
Buried in a roughly 200-page quarterly filing from JPMorgan Chase last month were eight words that underscore how contentious the bank’s relationship with the...
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