Sam Altman, chief executive officer of OpenAI, during a fireside chat organized by Softbank Ventures Asia in Seoul, South Korea, on Friday, June 9, 2023. SeongJoon Cho | Bloomberg | Getty ImagesOpenAI on Monday announced it had closed what amounts to the largest private tech funding round on record.The $40 billion financing values the ChatGPT maker at $300 billion, including the fresh capital. It’s nearly three times the amount previously raised by a private tech company, according to PitchBook.The valuation puts OpenAI behind only SpaceX at $350 billion and even with TikTok parent ByteDance among the world’s most richly valued private…
Author: usaeverydaylife
International equity markets are starting to mirror the challenges faced by the U.S. with sharp sell-offs having unfolded recently around the world. In developed global markets, Japan has struggled in particular, with the Nikkei 225 dropping 4.1% today, breaking below key support defined by the weekly cloud model (shaded area on the chart) near 36,500. Secondary support near 35,000 appears in jeopardy from a momentum standpoint, below which a cyclical downtrend has officially taken hold referencing Fibonacci retracement levels. The weakness in the Nikkei 225 is also evident relative to the S & P 500 , noting the long-term downtrend…
Dr. Kavita Patel joins ‘Fast Money’ to talk the impact of FDA and HHS changes on vaccines, public health policy, and more. Source link
Traders work on the floor at the New York Stock Exchange in New York City, U.S., March 31, 2025.Brendan McDermid | ReutersU.S. stock futures slipped on Monday night as the market awaited clarity from President Donald Trump regarding his tariff policy rollout.Futures tied to the Dow Jones Industrial Average fell by 51 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures both dipped 0.2%.On Monday, the S&P 500 and the Dow Jones Industrial Average posted gains for the session. The broad market index added 0.55% on Monday, while the 30-stock Dow jumped 1%. The Nasdaq Composite slid 0.14% for…
White House Senior Advisor, Tesla and SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025 in Washington, DC. Win McNamee | Getty ImagesTesla’s stock just wrapped up its worst quarter since 2022 and suffered its third-steepest drop in the company’s 15 years on the public market.Shares of the electric vehicle maker plunged 36% in the first three months of the year.The last time Tesla had a worse stretch was at the end of 2022, when the stock cratered 54%. That quarter included CEO Elon Musk’s sale of more…
Editor’s note: This article is part of the Bracket Central series, an inside look at the run-up to the men’s & women’s NCAA Tournaments, along with analysis and picks during the tournaments.One of the chalkiest NCAA Tournaments in history has reached its logical conclusion: All four No. 1 seeds are headed to the Final Four for the first time since 2008. That tournament gave us an all-timer of a championship, with Mario Chalmers’ miracle sending the title game to overtime as part of a Kansas victory over Memphis. And just like this Final Four, that tournament ended in San Antonio.The burning question for…
Prince Harry announced on March 25 that he had stepped down as a patron of Sentebale, the charity he co-founded in memory of his mother, after a monthslong dispute between the charity’s chair and the board of trustees broke into the open.Harry and his fellow co-founder, Prince Seeiso of Lesotho, said they had quit in solidarity with five board members who had resigned over a dispute with the chair, Sophie Chandauka.Both Ms. Chandauka and the group of former trustees have made allegations of wrongdoing against each other, and both parties said they had submitted claims and evidence of their arguments…
Kathryn Glass, co-head of high-yield group at Federated HermesCourtesy: Federated Hermes Inc.Federated Hermes’ Kathryn Glass wasn’t always set on a career in finance. Yet these days she’s co-heading her firm’s high-yield fixed-income group — and trying to navigate a market that some say has gotten too expensive.Glass, who was promoted to the position in February after 27 years in the business, at first seemed destined for a career in Japanese language and literature.She received a bachelors of arts degree in the subject from the University of Pittsburgh and spent her junior year abroad in Japan. She then got a masters…
Toronto , Canada – 20 June 2024; Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024.Ramsey Cardy | Sportsfile | Collision | Getty ImagesArtificial intelligence chip developer Cerebras said Monday that it has obtained clearance from a U.S. committee to sell shares to Group 42, a Microsoft-backed AI company based in the United Arab Emirates.That clearance came from the Committee on Foreign Investment in the United States, or CFIUS, and it’s a key step for Cerebras in its effort to go public. Cerebras competes with Nvidia, whose graphics processing units…
Michael Intrator, founder and CEO of CoreWeave Inc., Nvidia-backed cloud services provider, attends his company’s IPO at the Nasdaq Market in New York City on March 28, 2025.Brendan McDermid | ReutersWall Street banks waited a long time for a billion dollar IPO from a U.S. tech company. They’re not making much money from the one they got.The underwriting discount and commissions paid by artificial intelligence infrastructure provider CoreWeave, which hit the Nasdaq on Friday, amounted to just 2.8% of the total proceeds, according to a Monday filing with the Securities and Exchange Commission. That means that of the $1.5 billion…
