Tag: restructuring
SoftBank Approves $22.5 Billion Second Payment for OpenAI Investment
TLDR SoftBank approved a $22. 5 billion second payment to complete its $30 billion investment in OpenAI, contingent on restructuring completion The investment is part of a $41 billion funding round that values OpenAI at approximately $500 billion in the private market OpenAI must convert to a for-profit Public Benefit Corporation structure by end of 2025 [.] The post SoftBank Approves $22. 5 Billion Second Payment for OpenAI Investment appeared first on CoinCentral.
Tokyo Consumer Prices Rise 2.5% In September, Rice Surges Nearly 47%
Tokyo consumer prices rose 2. 5% in September compared with a year earlier, with the index excluding fresh foodoften subject to sharp fluctuationsreaching 110. 0 across the capitals wards, while the pace of growth remained unchanged from the previous month.
The New York Times
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