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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.
Microsoft (MSFT) is reportedly pushing for 30% profit margins at Xbox division
Xbox developers are feeling pressure from its parent company to return higher profit margins than the video game industry averages.
The New York Times
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