
OpenAI Staffers to Sell $6 Billion in Stock to SoftBank, Other Investors
The talks are early and the size of the share sale could still change, said the people, who asked not to be identified discussing private information. The secondary share investment is on top of SoftBank's commitment to lead OpenAI's $40 billion funding round, which values the company at $300 billion, according to another person familiar with the deal. That round remains ongoing, with OpenAI recently securing $8.3 billion from a syndicate of investors.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
4 minutes ago
- Yahoo
Meet the 62p UK stock with a 7.6% dividend yield
Investors seeking high dividend yields tend to favour blue-chip stocks like Legal & General, Aviva, and HSBC. And that's understandable, as these kinds of companies are established and often very reliable dividend payers. But there are plenty of small UK companies – outside the Footsie – that sport high yields and have equal, if not more, return potential. Here's a look at one that I feel could be worth considering right now. A high yield from a UK small-cap The stock I want to highlight today is Record (LSE: REC). It's a small British financial services company that specialises in currency hedging and specialised asset management and currently comes with a market-cap of around £120m. Listed on the London Stock Exchange's main market (not the AIM), it trades for 62p. At that share price, its prospective dividend yield is about 7.6%. A diversified business model Now, this kind of small-cap stock's going to be riskier than a blue-chip like Legal & General. However, looking at the company and its financials, I like the risk/reward proposition. Recently, Record introduced three key product pillars. These are risk management, absolute return, and private markets. I think this is a sound strategy. Not only does it diversify the company away from currency management (its original business activity), but it provides potential for more long-term growth. The private markets exposure looks particularly interesting. It's still early days here (meaning that this segment isn't having a big impact on revenues today) but this is a huge growth market and there's substantial potential. The currency management side of the business still has the potential to do well though. With Donald Trump in the White House, the world's currency markets are likely to be volatile in the years ahead. Attractive financials Zooming in on the financials, I like what I see. This is a very profitable company. Last year, return on capital employed (ROCE) was a high 30%, meaning that the firm's good at generating profit from the money it has invested in the business. Meanwhile, dividends are rising, which is what I want to see from an income stock. Over the last three financial years, the annual payout's jumped from 3.6p per share to 4.65p per share (4.68p per share's expected for the current financial year). As for the valuation, it looks attractive. Currently, the price-to-earnings (P/E) ratio's only 12.6. At that multiple, there's scope for an upward re-rating if the company can show its new triple-pronged strategy's working. Worth a look On the downside, dividend coverage (the ratio of earnings to dividends) isn't high. So there are no guarantees that the company will be able to continue paying big dividends. There are also no guarantees that the company's new strategy will pay off. After all, private markets is a competitive industry and the group's up against some big players. However, I see a lot of reasons to consider this small-cap stock. Not only does it have the potential to be an income machine but there's also scope for share price gains. The post Meet the 62p UK stock with a 7.6% dividend yield appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Edward Sheldon has positions in London Stock Exchange Group. HSBC Holdings is an advertising partner of Motley Fool Money. The Motley Fool UK has recommended HSBC Holdings. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025


Android Authority
5 minutes ago
- Android Authority
Kindle might have another competitor headed to shelves
C. Scott Brown / Android Authority TL;DR an online bookstore, was launched in January 2020 to help independent bookstores survive Amazon. Now the company may be introducing its first physical e-reader, presenting a direct competitor to the Amazon Kindle. There is currently a blank landing page for an e-reader visible on the site. In a compelling new development for e-book readers, known for championing independent bookstores, might soon bring a fresh competitor to the hardware space dominated by Amazon's Kindle. Since its launch in 2020, has carved out a niche as the Amazon alternative for people who want their online purchases to support small, local shops. Over the past five years, the platform has funneled millions of dollars to independent bookstores, cementing itself as a functional, reader-friendly marketplace. Don't want to miss the best from Android Authority? Set us as a preferred source in Google Search to support us and make sure you never miss our latest exclusive reports, expert analysis, and much more. In early 2025, the company turned a new page by launching its own e-book store and reading app. The app offers an extensive catalog, from bestsellers to niche titles, and lets buyers choose which indie shop gets a cut of their purchase. Right now, digital reading experience lives entirely in software. But that could change. CEO Andy Hunter has openly floated the idea of a dedicated e-reader, possibly launched via crowdfunding to keep the project aligned with the company's community-driven ethos. As spotted by GoodEReader, the site now features a landing page for the potential hardware. The presumed vision for this hardware isn't a walled garden like Kindle, but something more open to multiple formats. Think along the lines of Kobo or Boox devices, but with the clear identity baked in. For readers, that could mean breaking free from the 'one-store, one-device' model and choosing an ecosystem that better fits their values. For indie bookstores, it could be a tangible product to sell alongside print titles and a way to reach tech-savvy readers they might otherwise miss. For the e-reader industry as a whole, it could be another voice in the ongoing conversation about digital rights, open formats, and fair revenue sharing. For now, this is mostly rumors, but if hints turn into hardware, a e-reader could be an intriguing shake-up of the e-reader space. Follow


Forbes
6 minutes ago
- Forbes
Apple iOS 18.6.1 Surprise iPhone Software: Should You Upgrade?
If you'd thought that we'd seen the last of iOS 18 with the recent release of iOS 18.6, you wouldn't have been alone. But Apple has released a new update that specifically brings back a missing feature to millions of Apple Watches. This post has the initial thoughts on the new release and I'll be updating this post over the coming week and will make a final assessment on Friday, Aug. 8. Who Is It For And How Do You Get It? Apple iOS 18.6.1 is compatible with all iPhones from 2018 on. That's the iPhone XS, iPhone XS Plus and iPhone XR models and every phone since. That means the iPhone 11 series, iPhone 12, iPhone 13 and so on right up to the iPhone 16 series, plus the second- and third-generation iPhone SE models as well as the iPhone 16e. If you have any of these phones except the first three, iPhone XS, iPhone XS Plus and iPhone XR, they will work with iOS 26. To update, find the iPhone's Settings app, click on General, then Software Update. Then, choose Download and Install, and the software will download from there. This is a medium download, around 720MB, but it should be reasonably quick to install. What It's About This update, though is recommended for all users, is specifically to introduce a benefit for millions of Apple Watch users. A patent dispute between Apple and medical equipment company Masimo led to the blood oxygen monitoring feature on U.S.-sold Apple Watch Series 9 and Apple Watch Ultra 2 to be disabled. It never appeared on Apple Watch Series 10 models sold in the States. The software update means all compatible Apple Watches sold anywhere to have the feature again, once this update and a watchOS 11.6.1 update are installed. It's essentially a workaround: you still activate the Blood Oxygen app on your Apple Watch, but it now transmits data to the iPhone where it is calculated and analyzed, with the result found in the Health app under the Respiratory section. Compatible Apple Watches comprise Series 7, Series 8, Series 9, Apple Watch Ultra and Apple Watch Ultra 2. You can read more about the blood oxygen feature's return here. Apple iOS 18.6.1 Security No, there are no security features in this update, Apple says. Mind you, there were more than 20 in the last one, and that was scarcely more than two weeks ago, so perhaps that's no surprise. Initial Reactions Some users have reported a snappier performance on their iPhones though nobody has said it introduced new problems, I believe. One Redditor said their iPad now had a blank screen, but to be clear there hasn't been an iPad update. Apple iOS 18.6.1 Initial Verdict: Update If you are in the U.S. and have an Apple Watch or are going to get one in the future, this is a no-brainer. For the rest of us, go ahead, there's no harm here and maybe you'll find a snappier iPhone as a result. If you have an Apple Watch, don't forget to install watchOS 11.6.1 as well. Final verdict next week.