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OpenAI has raised $122 billion in a record-breaking funding round to accelerate AI development. The deal comes as expectations grow for a future public offering.
Apple’s third co-founder Ron Wayne says he still owns a 10% stake in the company despite exiting shortly after its founding. The claim has reignited debate over early ownership agreements.
Eli Lilly will pay up to $2.75 billion to bring AI-developed drugs from Insilico Medicine to market. The deal highlights growing momentum in AI-driven drug discovery.
A new viral toy, ‘Mystery Dumpling’, is rapidly gaining popularity, overtaking Labubu as the latest collectible trend. The surge is fueling investor interest in companies tied to the craze.
Novartis has agreed to acquire immunology biotech Excellergy for $2 billion, marking its second major deal in a week. The move strengthens its pipeline in next-generation allergy treatments.
OpenAI is shutting down its Sora video generation model, citing undisclosed reasons. Reports suggest the product may have been costing up to $15 million per day to operate.
Meta has introduced a new executive incentive program tied to a $9 trillion valuation target. The move underscores its aggressive push to lead the artificial intelligence race.
Kalshi has raised more than $1 billion in a new funding round, valuing the prediction market platform at $22 billion. The deal highlights growing investor interest in event-driven trading markets.
Nissan plans to export U.S.-built vehicles to Japan, joining Toyota and Honda in reversing traditional trade flows. The move reflects shifting global production strategies in the auto industry.
The European Union is set to introduce a new “EU Inc” company structure aimed at simplifying cross-border business operations. The initiative seeks to reduce regulatory friction for startups and investors across the bloc.
Nvidia and Uber announced plans to launch Level 4 autonomous robotaxis in 28 cities by 2028. The partnership aims to scale AI-powered self-driving fleets across major urban markets.
Nvidia expects cumulative revenue from AI chips to reach $1 trillion by the end of 2027, according to CEO Jensen Huang. The forecast doubles the company’s previous projection for the fast-growing AI market.
Meta has invested $27 billion in AI cloud company Nebius as it races to secure computing power for artificial intelligence development. The deal highlights growing demand for large-scale AI infrastructure.
Nebius shares surged after Nvidia announced a $2 billion investment to build next-generation AI cloud infrastructure. The partnership aims to scale high-performance computing platforms for large artificial intelligence workloads.
Apple introduced M5 Pro and M5 Max chips alongside updated MacBook Pro models focused on peak performance and on-device AI. The company also launched new Studio Displays, refreshed the iPad Air with M4, and revealed the iPhone 17e starting at $599.