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Microsoft-OpenAI's $13-bn deal to avoid formal EU probe: Reports

Reuters

Microsoft-OpenAI's $13-bn deal to avoid formal EU probe: Reports

Microsoft's $13 billion investment into Sam Altman-led OpenAI could avoid a formal probe by the European Union's antitrust regulator, Reuters and Bloomberg reported. The European Commission reportedly doesn't s...

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OpenAI's valuation hits $80 bn, tripling in under 10 months: NYT

Reuters

OpenAI's valuation hits $80 bn, tripling in under 10 months: NYT

Microsoft-backed OpenAI has completed a deal that values the startup at $80 billion or more, The New York Times reported. It would reportedly sell existing shares in a tender offer led by the venture firm Thriv...

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Expect to earn ₹14,000-cr GST in FY25 from online gambling: Govt

Reuters

Expect to earn ₹14,000-cr GST in FY25 from online gambling: Govt

Union Revenue Secretary Sanjay Malhotra told Reuters that the government expects to collect up to ₹14,000 crore in GST in FY25 by taxing online gambling companies. The government had imposed 28% GST on funds th...

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SpaceX sued for negligence causing worker's skull fracture in US

Reuters

$SpaceX sued for negligence causing worker's skull fracture in US$

Elon Musk-led SpaceX is facing a negligence lawsuit in US filed by the wife of a worker whose skull was fractured during a rocket engine malfunction. In January 2022, a part of an engine broke away during press...

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SoftBank makes another WeWork bet with debt-equity swap deal

Reuters

SoftBank makes another WeWork bet with debt-equity swap deal

WeWork's $3 billion debt-for-equity swap deal with creditors, spearheaded by top shareholder SoftBank, aims to revive the struggling office-space provider. Success depends on WeWork renegotiating costly long-te...

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Lawyers who sued Tesla for overpaying want $10,690/hr; Musk reacts

Reuters

Lawyers who sued Tesla for overpaying want $10,690/hr; Musk reacts

A legal team that successfully sued Tesla's directors for overpaying themselves is now seeking approval for $229 million in fees, equating to $10,690 per hour, according to a court filing. If approved, it would...

1

New York City bans TikTok on government-owned devices over security concerns

Reuters

New York City bans TikTok on government-owned devices over security concerns

New York City has banned TikTok on government-owned devices due to security concerns, following other U.S. cities and states. The decision is based on worries about possible Chinese government influence through...

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Musk's Neuralink raises $280 mn led by PayPal Co-founder's fund

Reuters

Musk's Neuralink raises $280 mn led by PayPal Co-founder's fund

Elon Musk's brain implant company, Neuralink, has garnered $280 million in investment from a funding round spearheaded by Founders Fund, co-founded by Peter Thiel, a PayPal luminary. This achievement comes seve...

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Walmart buys out $1.4 billion stake in Flipkart from Tiger Global

Reuters

Walmart buys out $1.4 billion stake in Flipkart from Tiger Global

Walmart has acquired Tiger Global's stake in Flipkart for $1.4 billion, leading to a valuation of $35 billion for the Indian e-commerce company. Previously valued at nearly $38 billion in 2021, Flipkart's valua...

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Medial Quiz

What do we call the first external money a startup raises?

Seed Funding

Pre-Series A

IPO

Exit Fund

9

Hits 938

OpenAI's trust and safety chief Dave Willner steps down

Reuters

OpenAI's trust and safety chief Dave Willner steps down

Dave Willner, the Head of Trust and Safety at OpenAI, has resigned from his position due to challenges in maintaining a work-life balance, especially after the launch of ChatGPT. In a LinkedIn post on Friday, W...

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Tricked into selling 15% stake for $100: Unicorn startup Stability AI's Co-founder

Reuters

Tricked into selling 15% stake for $100: Unicorn startup Stability AI's Co-founder

A lawsuit has been filed by Cyrus Hodes, the Co-founder of Stability AI, against the AI startup and its CEO Emad Mostaque, alleging that he was deceived into selling his 15% stake for a mere $100. Hodes claims ...

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SpaceX wins Pentagon contract for satellite services to Ukraine

Reuters

SpaceX wins Pentagon contract for satellite services to Ukraine

The US Department of Defense announced its intention to purchase internet terminals from SpaceX, led by Elon Musk, for deployment in Ukraine. The department emphasized its commitment to working with global part...

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Elon Musk accused of insider trading over Doge price manipulation.

Reuters

Elon Musk accused of insider trading over Doge price manipulation.

Investors have accused Tesla CEO Elon Musk of engaging in insider trading by allegedly manipulating the price of Dogecoin. They claim that Musk utilized Twitter posts, payments to online influencers, and attent...

24

Elon Musk's private jet lands in China: Reuters.

Reuters

Elon Musk's private jet lands in China: Reuters.

According to a witness, Elon Musk's personal aircraft has touched down in Beijing, as reported by Reuters. The aircraft, identifiable by its tail number, was observed at Beijing Capital International Airport. M...

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Musk's brain-implant firm Neuralink gets FDA nod for human trials.

Reuters

Musk's brain-implant firm Neuralink gets FDA nod for human trials.

Neuralink, the company founded by billionaire Elon Musk, has announced that it has gained approval from the US Food and Drug Administration (FDA) to conduct the first-in-human clinical trials of its brain impla...

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SoftBank exploring offering credit funds to tech startups: Reports.

Reuters

SoftBank exploring offering credit funds to tech startups: Reports.

SoftBank Investment Advisers, the entity responsible for managing SoftBank's Vision Funds, is reportedly considering the launch of a private credit strategy. This strategy would offer debt or debt-like structur...

Montana's ban on the app 'unconstitutional': TikTok CEO.

Reuters

Montana's ban on the app 'unconstitutional': TikTok CEO.

Shou Zi Chew, the CEO of TikTok, has criticized the ban imposed on the video-sharing platform in Montana, describing it as "unconstitutional." He expressed confidence that TikTok will succeed in the lawsuit con...

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Musk's SpaceX partners with Italian firm for flood relief efforts

Reuters

Musk's SpaceX partners with Italian firm for flood relief efforts

Unipol Gruppo, an insurance company based in Italy, has acquired Starlink terminals from SpaceX, led by Elon Musk, with the aim of providing internet access to rescuers and individuals affected by floods in Ita...

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Medial Quiz

Which distribution strategy was famously used by Dropbox to scale their user base rapidly in early stages?

Cold outbound emails to enterprises

A freemium model with cloud storage

A referral system offering extra storage

SEO and long-form blog content

6

Hits 563

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