Tag: Investment & Company Information
OpenAI is making its own AI chips with Broadcom’s help
A Broadcom logo and a computer motherboard appear in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/IllustrationREUTERS / Reuters OpenAI is hungry for as much compute power as it can get its hands on, and the company has signed another deal with a chipmaker to help make that happen. This…
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Ubisoft launches its new Tencent-backed subsidiary
Ubisoft has launched — and named — its Tencent-backed subsidiary. Vantage Studios is the first of the company's "creative houses" under a previously-announced reorganization. The new studio will oversee the company's tentpole franchises: Assassin's Creed, Far Cry and Rainbow Six. The news follows Ubisoft's March announcement of a new subsidiary…
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OnlyFans is in talks to sell for $8 billion
OnlyFans is on the selling block, according to a report by Reuters. The current owner of the adult entertainment platform, Fenix International Ltd, is in talks to sell to an investor group at a valuation of around $8 billion. This group is being led by an entity called the Forest…
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Why OpenAI is trying to untangle its ‘bespoke’ corporate structure
On the Friday after Christmas, OpenAI published a blog post titled “Why OpenAI’s structure must evolve to advance our mission.” In it, the company detailed a plan to reorganize its for-profit arm into a public benefit corporation (PBC). In the weeks since that announcement, I’ve spoken to some of the…
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OpenAI’s board ‘unanimously’ rejects Elon Musk’s $97.4 billion takeover bid
Elon Musk launched a $97.4 billion bid to take control of OpenAI. The Wall Street Journal reported a group of investors led by Musk’s xAI submitted an unsolicited offer to the company’s board of directors on Monday. The group wants to buy the nonprofit that controls OpenAI’s for-profit arm. When asked…
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Elon Musk wants to buy OpenAI for $97.4 billion
Elon Musk has launched a $97.4 billion bid to take control of OpenAI. The Wall Street Journal reports a group of investors led by Musk’s xAI submitted an unsolicited offer to the company’s board of directors on Monday. The group wants to buy the nonprofit that controls OpenAI’s for-profit arm. When…
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