OpenAI Locks Down $4 Billion Revolving Credit, Putting Liquidity Over $10 Billion
OpenAI sealed down a desired $4 billion revolving line of credit, pushing the total liquidity of the company over the $10 billion mark. This is after it closed a funding
OpenAI’s Chief Financial Officer Confirms Closure of Funding Round Amid Executive Departures
OpenAI CFO Sarah Friar is attempting to soothe investor jitters with assurances that the company is well-positioned, even after some big executive departures. In a letter to investors obtained by
Distance Technologies Receives Funding from Google Ventures
Distance Technologies, a Finnish startup that deals with integrating mixed reality technology in car windshields and the cockpits of aircraft, has sealed off a €10 million ($11.1 million) seed round
Swiss National Bank cuts interest rates by 25 basis points
The Swiss National Bank (SNB) slashed its key interest rate by 25 basis points to 1.0% yesterday on Thursday. This move comes as the third interest rate cut this year
GM Electric Vehicle Sales Pick Up Momentum as Brand Adds More Models to Catalogue
General Motors (GM) is witnessing a renewed electric vehicle sales revival. That was driven by a strong, diverse lineup. The last three years of GM's advancements toward what is now
