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10 Jan 2023

Microsoft is in talks to acquire a 49% stake in ChatGPT owner OpenAI

OpenAI is currently raising funds at a $29 billion valuation and is allowing employees along with early investors to sell their shares at that valuation. Microsoft has already invested $1bn into the company in 2019 and is now looking to invest another $10B into OpenAI. Microsoft would receive 75% of OpenAI’s income until it has recovered its initial investment. Once they hit that threshold, they would have a 49% stake in OpenAI, with other investors taking another 49% and OpenAI's nonprofit parent getting 2%. Open AI are expected to generate ~1 Billion in revenue in 2024. Source: Finimize Image: The first day of OpenAI, 7 years ago (by Sam Altman)

8 Jan 2023

The World's Largest Private Equity Firms By Assets Under Management (AUM)

Source: Finimize

17 Aug 2022

#Samsung posts upbeat #earnings ! #stocks #trading #markets #Nasdaq #trending

Samsung reported better than expected revenue, signaling tech earnings may not be as bad as some feared about weakening demand and a rise in material costs. Investors are slowly shifting toward the view that the economic slow down may not be as painful as thoughts a few weeks earlier and there are increasing signs that inflation should ease in the medium term.

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