OpenAI negotiates with Microsoft to unlock new funding and future IPO, FT reports
OpenAI and Microsoft are rewriting the terms of their multibillion-dollar partnership in a high-stakes negotiation designed to allow the ChatGPT maker to launch a future IPO, while protecting the software giant's access to cutting-edge AI models, the Financial Times reported on Sunday.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNA
an hour ago
- CNA
Football club investor Eagle files for US IPO, Bloomberg News reports
Eagle Football Holdings, one of the most active investors in global football clubs, has confidentially filed for a U.S. initial public offering, Bloomberg News reported on Friday. Reuters could not immediately confirm the report. The France-based company submitted a draft registration statement to the U.S. Securities and Exchange Commission, the report added, citing a company statement. The firm has been working with UBS Group AG on the potential IPO, the report said. Eagle Football, run by U.S. businessman John Textor, holds stakes in multiple football clubs including Olympique Lyonnais, Crystal Palace and Brazil's Botafogo.
CNA
an hour ago
- CNA
Trump reports tens of millions in income from crypto ventures
President Donald Trump filed his first public financial disclosure report of his term on Friday, providing what he said was the latest information about his holdings, including income from his family's foray into crypto currencies. Trump reported $57.35 million from token sales at crypto firm World Liberty Financial. He also reported holding 15.75 billion governance tokens in the venture. The annual report was signed as of June 13, but it was not immediately clear what time period it covered.
CNA
3 hours ago
- CNA
Trump urged EchoStar, FCC chair to cut a deal on spectrum -Bloomberg
WASHINGTON :President Donald Trump urged EchoStar Corp Chairman Charlie Ergen and Federal Communications Commission Chair Brendan Carr to reach a deal over the fate of the company's wireless spectrum licenses, Bloomberg reported on Friday. EchoStar shares were up 52 per cent in after-hours trading Friday on the report. On Thursday, Trump met with Ergen and he telephoned Carr, who came to the White House to join the meeting, Bloomberg reported. The White House and EchoStar declined to comment. The FCC did not immediately respond to a request from Reuters for comment on Friday. EchoStar has been trying to shield its cache of wireless spectrum licenses from the threat of revocation by the FCC. U.S. satellite TV provider DirecTV terminated its agreement to acquire EchoStar's satellite television business last year, which includes rival Dish TV, over a failed debt-exchange offer. In May, the FCC told EchoStar it was investigating the company's compliance obligations to provide 5G service in the U.S., questioning EchoStar's buildout extension and mobile-satellite service. EchoStar said the FCC disclosure was "harming EchoStar's ongoing deployment and threaten its viability as a wireless provider as well as endanger the video and broadband satellite services upon which millions of consumers rely." The company added "the possibility of reversing prior grants of authority related to spectrum for which EchoStar paid billions and in which it invested billions more, in contravention of long-standing commission precedent." EchoStar has previously disclosed that it missed roughly $500 million in interest payments, citing uncertainty around the ongoing FCC review.
