Thrive Capital invested about $1 billion in OpenAI at a $285 billion valuation, source says
The investment was separate from the $100 billion funding round that OpenAI is finalizing, according to a source.
Samsung launches S26 smartphone as sector braces for memory chip crunch
The latest generation of Galaxy phones touts enhanced AI capabilities, but supply chain concerns hang over sector
Stocks making the biggest moves midday: Netflix, Coinbase, Diageo, Cava and more
These are some of the stocks posting the largest moves in midday trading.
Microsoft Japan raided over suspected violation of anti-monopoly law: Reuters
Japan’s Fair Trade Commission raided Microsoft Japan’s offices on Wednesday, a source with direct knowledge of the matter told Reuters.
Epstein files: Nobel winner Axel quits Columbia U. brain institute over friendship with predator
Dr. Richard Axel, a longtime Columbia University professor, is mentioned repeatedly in the Jeffrey Epstein files released by the Department of Justice.
Are collectibles a viable asset class? The buyer of the $16.5 million Pokémon card thinks so
AJ Scaramucci thinks trading cards have experienced tremendous growth, and thus they, and other collectibles, are great alternative investments.
Normally staid bond investors have a new biggest worry: An AI bubble
Investors expect a surge in bond issuance from hyperscalers, according to a new survey.
David Tepper sends scathing letter to Whirlpool for destroying shareholder value, pushes for changes
Tepper said he watched with “a certain astonishment” as the company issued equity in what he called a large and unnecessary dilution of shareholders.
European defense companies should step up collaboration to fix ‘fragmented’ sector, Leonardo CEO tells CNBC
The European defense landscape remains “fragmented”, Leonardo CEO Roberto Cingolani told CNBC.
Nvidia’s new AI system Vera Rubin is 10 times more efficient than its predecessor — here’s a first look
CNBC got an exclusive first look at Vera Rubin, Nvidia’s next AI system that’s due to ship in the second half of the year
