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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 24, 2026 / Tyler Durden
Newsom Declares Emergency In Orange County; EPA Head Says Chemical Tank Will "Likely Fail"
Newsom Declares Emergency In Orange County; EPA Head Says Chemical Tank Will "Likely Fail"
The head of the Environmental Protection Administration (EPA) said Sunday that a chemical storage tank in Southern California that has forced officials to declare an emergency and prompted evacuation orders for tens of thousands residents is likely to fail.
Lee Zeldin, the administrator of the EPA, told CNN’s “State of the Union” program on Sunday that the “most likely scenario” is a “low-volume release” of the tank, where officials will be able to “monitor, neutralize, and contain...
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Jun 30, 2026 / Tyler Durden
San Francisco Archdiocese Agrees To $395 Million Abuse Settlement
San Francisco Archdiocese Agrees To $395 Million Abuse Settlement
Authored by Owen Evans via The Epoch Times,
The Archdiocese of San Francisco has agreed to pay $395 million to settle more than 500 lawsuits alleging child sexual abuse by church officials, in what the plaintiffs’ lawyers described as the largest per-survivor settlement.
The plaintiffs’ attorneys said on June 29 that San Francisco Archbishop Salvatore Cordileone will have to write an apology letter to each survivor as part of the settlement.
The settlement also requires the archdiocese to implement a series of child protection...
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Apr 29, 2026 / Tyler Durden
Your Bank Is Becoming A Casino: River CEO Frames Bitcoin As The Alternative
Your Bank Is Becoming A Casino: River CEO Frames Bitcoin As The Alternative
Authored by Micah Zimmerman via Bitcoin Magazine,
Bitcoin 2026 speaker Alex Leishman used his Nakamoto Stage talk, titled “We’re Not Fixing Money to Build More Casinos,” to deliver a sharp warning that modern finance is drifting toward a gambling model and away from basic banking.
Leishman, CEO of River, said the American dream feels out of reach for many people as housing costs rise, student debt lingers, and wages lag, and argued that this pressure helps explain why prediction markets and...
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