logo
OpenAI in talks for share sale valuing startup at $500 billion, Bloomberg News reports

OpenAI in talks for share sale valuing startup at $500 billion, Bloomberg News reports

Reutersa day ago
Aug 5 (Reuters) - ChatGPT maker OpenAI is in early talks about a potential secondary sale of stock for current and former employees at a valuation of about $500 billion, Bloomberg News reported on Tuesday.
Reuters could not immediately verify the report.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Shares in South Korean chipmaker SK Hynix tumble on US tariffs
Shares in South Korean chipmaker SK Hynix tumble on US tariffs

Reuters

time12 minutes ago

  • Reuters

Shares in South Korean chipmaker SK Hynix tumble on US tariffs

SEOUL, Aug 7 (Reuters) - Shares in South Korean chipmaker SK Hynix fell 3.1% in early Thursday trade, after President Donald Trump said the U.S. will impose a tariff of about 100% on chips. SK Hynix supplies Nvidia (NVDA.O), opens new tab with chips called high-bandwidth memory used in artificial intelligence chipsets. Trump said on Wednesday the United States will impose a tariff of about 100% on semiconductors imported from countries not producing in the U.S. or planning to do so. But it would not apply to companies that had made a commitment to manufacture in the U.S. or were in the process of doing so. South Korea's trade envoy said on Thursday that SK Hynix and rival Samsung Electronics ( opens new tab would not be subject to a 100% U.S. tariff on chips.

South Korea trade envoy says Samsung, SK Hynix will not be subject to 100% US tariffs on chips
South Korea trade envoy says Samsung, SK Hynix will not be subject to 100% US tariffs on chips

Reuters

time12 minutes ago

  • Reuters

South Korea trade envoy says Samsung, SK Hynix will not be subject to 100% US tariffs on chips

SEOUL, Aug 7 (Reuters) - South Korea's top trade envoy Yeo Han-koo said on Thursday that chipmakers Samsung Electronics ( opens new tab and SK Hynix ( opens new tab will not be subject to 100% U.S. tariffs on chips. Yeo said on radio that among various countries South Korea will face the most favourable U.S. tariff rates on chips under the trade deal between Washington and Seoul.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store