Hi, all! Genevieve here, stepping in for Emily. Leading up to this tax day, it’s been an interesting few weeks that have caused me to stop checking my retirement account (deep breath) and to consider even more how much to spend on food. I was raised to be frugal and remain a lover of good…
OpenAI said on Monday that it had completed a $40 billion fund-raising deal that nearly doubles the high-profile company’s valuation from just six months ago. The new fund-raising round, led by the Japanese conglomerate SoftBank, values OpenAI at $300 billion, making it one of the most valuable private companies in the world, along with the…
In 2017, the Swiss watch industry had just five brands that sold more than $1 billion at retail every year: Rolex, Omega, Cartier, Patek Philippe and Longines. Today, that exclusive club has grown to eight with the addition of Audemars Piguet, Richard Mille and Vacheron Constantin, out of a watch universe estimated to include 400…
SoftBank said on Wednesday that it had agreed to pay $6.5 billion for the Silicon Valley chip start-up Ampere Computing, doubling down on a bet that technology that originated in smartphones will come to dominate the world’s data centers. The deal also reflects the Japanese conglomerate’s belief that Ampere’s chips can begin to play a…
Google has agreed to buy Wiz, a fast-growing cybersecurity start-up, for $32 billion in the company’s biggest push to strengthen its cloud-computing business and expand beyond the search engine and consumer internet services that made it a household name. The all-cash deal, announced on Tuesday, would be Google’s largest, easily surpassing its $12.5 billion purchase…
On the night of Feb. 21, Ben Zhou, the chief executive of the cryptocurrency exchange Bybit, logged on to his computer to approve what appeared to be a routine transaction. His company was moving a large amount of Ether, a popular digital currency, from one account to another. Thirty minutes later, Mr. Zhou got a…
