OpenAI has successfully completed a funding round, achieving a remarkable valuation of $157 billion after raising $6.6 billion from prominent investment firms and tech companies. Thrive Capital led the round, with significant participation from Microsoft, Nvidia, and Softbank, highlighting OpenAI’s strong partnerships. Since the launch of ChatGPT in late 2022, OpenAI has rapidly established itself […]

The US is one of the most robust and attractive sources of capital across the globe. At the same time, the US securities regulatory environment is among the costliest and most burdensome to navigate. This is a dilemma for foreign BDs looking to raise capital from the US in an efficient and affordable manner. A […]

OpenAI on Tuesday announced a partnership with Condé Nast, in which the Microsoft-backed artificial intelligence company’s products, such as ChatGPT and SearchGPT, will be able to display content from Vogue, The New Yorker, Condé Nast Traveler, GQ, Architectural Digest, Vanity Fair, Wired, Bon Appétit and other outlets. “With the introduction of our SearchGPT prototype, we’re testing new search features […]

Global technology giants are pushing back against attempts by India’s telecom networks to bring internet services under stricter regulation, rejecting arguments that such measures are necessary to create a “level playing field” and address national security concerns. The Asia Internet Coalition (AIC), a powerful industry body that represents Amazon, Apple, Google, Meta, Microsoft, Netflix and […]

Meta and Universal Music Group (UMG) announced on Monday the expansion of their multi-year music licensing agreement, which enables users to share songs from UMG’s music library across Meta’s platforms (Facebook, Instagram, Horizon, Threads and WhatsApp) without violating copyright.  What’s most notable about the new agreement is that it states that the two companies are addressing “unauthorized […]

A federal U.S. judge ruled Monday that Google has illegally held a monopoly in two market areas: search and text advertising. The landmark case from the government, filed in 2020, alleged that Google has kept its share of the general search market by creating strong barriers to entry and a feedback loop that sustained its dominance. The court found […]

Cybercriminals are increasingly targeting wealthy individuals, making cybersecurity concierges a new must-have for the rich and their families, including executives. While companies are spending heavily on cybersecurity, personal and home devices are generally less protected, making them easier to crack. And despite their sizeable assets and growing threat of cyberattacks, family offices and wealthy families […]

Meta on Tuesday announced the latest version of its Llama artificial intelligence model, dubbed Llama 3.1. The newest Llama technology comes in three different versions, with one variant being the biggest and most capable AI model from Meta to date. Like previous versions of Llama, the newest model continues to be open source, which means it can be […]

Google is in advanced talks to acquire cybersecurity firm Wiz for $23 billion, according to a person familiar with the matter who said a deal is expected to close “soon.” Wiz was founded in 2020, and has grown at a rapid clip under CEO Assaf Rappaport. It had been eyeing an IPO as recently as May, when the […]

The U.K. is the No. 1 country in Europe for tech by many accounts. In 2023, British startups raised $21.3 billion, their third-highest total on record, according to a report from Dealroom and HSBC Innovation Banking. It’s the No. 1 location in Europe for funding — with France coming in second, raising $9.2 billion last […]