PayPal Restructures Into Three Core Units to Accelerate Growth Strategy
PayPal announced a strategic reorganization into three business segments, aiming to streamline operations and support future growth.
Latest News
Anthropic Eyes $50 Billion Funding Round at Up to $900 Billion Valuation
Anthropic is reportedly in talks to raise up to $50 billion at a valuation approaching $900 billion, reflecting surging demand for AI investments.
Meta to Pay Creators in Stablecoins via Stripe in Select Markets
Meta will begin paying creators in stablecoins through Stripe, starting in Colombia and the Philippines, as it expands digital payment options.
SpaceX IPO Structure Gives Musk Near-Total Control Over Leadership Decisions
SpaceX’s planned dual-class share structure will give Elon Musk dominant voting power, allowing him to retain control over key decisions, including leadership changes.
Sign up for
Newsletters
SoftBank Plans $100 Billion IPO for New AI and Robotics Venture Roze
SoftBank is preparing to spin off and list Roze, a new AI and robotics infrastructure company, in a potential $100 billion IPO in the U.S.
UAE to Exit OPEC and OPEC+
By
Nathan Cole
The UAE will exit OPEC and OPEC+ from May 1, aiming to increase oil production and better align with shifting global energy demand.
Kone to Acquire TK Elevator in $34.4 Billion Deal to Create Industry Leader
By
Emma Clarke
Finland’s Kone will acquire Germany’s TK Elevator in a $34.4 billion deal, forming the world’s largest elevator manufacturer.
Musk Testifies in Lawsuit Against OpenAI, Seeks $134 Billion in Damages
Elon Musk has begun testifying in his case against OpenAI, seeking to remove leadership and claim $134 billion in damages over alleged contract violations.
Wall Street Braces for Trillion-Dollar IPO Wave Led by SpaceX, OpenAI and Anthropic
A wave of potential trillion-dollar IPOs from SpaceX, OpenAI, and Anthropic is fueling market excitement and raising concerns over investor positioning.
Microsoft Loses OpenAI Exclusivity as Partnership Terms Shift
Microsoft will lose exclusive rights to OpenAI models, allowing broader distribution as the partnership evolves and revenue-sharing terms change.
U.S. Government’s Intel Stake Gains $25.7 Billion in Eight Months After CHIPS Investment
A U.S. government investment in Intel has generated $25.7 billion in unrealized gains in just eight months after shares surged following earnings.
China Blocks Meta’s $2 Billion Acquisition of AI Startup Manus
China has blocked Meta’s $2 billion acquisition of AI startup Manus, citing regulatory concerns over the cross-border deal.
SanDisk Shares Surge 3000% as AI Boom Drives Data Center Demand
SanDisk shares have surged 3000% over the past year as demand for AI data center storage fuels explosive growth.