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OpenAI Secures Record $110 Billion Funding Round Backed By Amazon, Nvidia, & SoftBank
OpenAI Secures Record $110 Billion Funding Round Backed By Amazon, Nvidia, & SoftBank
OpenAI has closed a new funding round that could total $110 billion, valuing the ChatGPT maker at $730 billion pre-money and potentially putting it on course for an IPO in the second half of the year, according to a new Financial Times report.
The three investors in the deal are Nvidia, Amazon, and SoftBank. People familiar with the deal say this opens the pathway to the public markets at the end of this year.
Breaking down funding numbers by...
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May 25, 2026 / Tyler Durden
Iran Says U.S. Peace Talks Hit "Consensus" On Many Issues, But No Final Deal Yet
Iran Says U.S. Peace Talks Hit "Consensus" On Many Issues, But No Final Deal Yet
Asian and European equities climbed on Monday, while U.S. equity futures jumped and Brent crude fell, as signs of a possible U.S.-Iran deal boosted risk appetite. To note, the U.S. is on holiday.
Both sides appear to be moving closer to ending the three-month conflict and reopening the Strait of Hormuz. However, overnight comments from senior Iranian officials suggest gaps remain, particularly over the future of Iran's nuclear program and uranium enrichment.
"It is true that a...
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May 23, 2026 / Tyler Durden
Free Speech Shouldn't Be Just For The Party In The White House
Free Speech Shouldn't Be Just For The Party In The White House
Authored by Charles Sauer via RealClearMarkets,
One of the most important Executive Orders signed by President Trump on his first day in office was Restoring Freedom of Speech and Ending Federal Censorship. As the title suggests, the order forbids any U.S. Government employee from taking any actions that violate the First Amendment rights of any American citizen. The Executive Order is intended to protect against future encroachments on the right to free speech like those that occurred under the...
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Feb 13, 2026 / Tyler Durden
Brazil Proposes National Bitcoin Reserve, Targets 1 Million BTC Over Five Years
Brazil Proposes National Bitcoin Reserve, Targets 1 Million BTC Over Five Years
Authored by Micah Zimmerman via BitcoinMagazine.com,
Brazilian lawmakers have reintroduced a bill to create a national Strategic Sovereign Bitcoin Reserve, known as RESBit, proposing the gradual acquisition of one million bitcoins over five years.
The bill, presented by Federal Deputy Luiz Gastão (PSD/CE), outlines a comprehensive framework to integrate Bitcoin into the country’s financial strategy and diversify national reserves.
The proposed legislation establishes several guidelines for RESBit.
First, the plan calls for a gradual accumulation of at least 1,000,000 BTC over five years.
It prohibits the...
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