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SEC Investigates Whether OpenAI Deceived Investors, WSJ Says | ZeroHedge

From: zerohedge SEC Investigates Whether OpenAI Deceived Investors, WSJ Says | ZeroHedge The Securities and Exchange Commission sent a subpoena to ChatGPT creator OpenAI in December, requesting internal communications from CEO Sam Altman and current and former officials and directors into whether investors were misled, the  reported, citing people familiar with the investigation. The subpoena followed[…]

Klarna in Talks With Banks for US IPO at $20 Billion Value

From Bloomberg: Swedish firm may list as soon as in the third quarter Fintech giant was once Europe’s most valuable startup The company has started having discussions with investment banks to work on an initial public offering that could happen as early as the third quarter. Photographer: Hollie Adams/Bloomberg By Dinesh Nair, Amy Or, and Swetha Gopinath February[…]

On the 176% annual return of a YC startup index

From Medium  As my long-time readers know, I’ve written dozens of data-driven blog posts on Y Combinator startups over the years, but I’m yet to answer the single most important question about YC startups from the perspective of early-stage investors — how much money do they make?? YC has published data that hints at this, like the Top YC Companies[…]

Watch Live: SpaceX Prepares Falcon 9 For Commercial Flight To ISS | ZeroHedge

From: zerohedge Watch Live: SpaceX Prepares Falcon 9 For Commercial Flight To ISS | ZeroHedge The first all-European commercial crew will be catapulted to the International Space Station atop a SpaceX Falcon 9 rocket at NASA’s Kennedy Space Center in Cape Canaveral, Florida.  Retired NASA astronaut Michael Lopez-Alegria will command the  Ax-3 mission, which Axiom[…]

Tinder Owner Match Jumps On Report Elliot Investment Takes $1 Billion Stake | ZeroHedge

From: zerohedge Tinder Owner Match Jumps On Report Elliot Investment Takes $1 Billion Stake | ZeroHedge Activist investor Elliott Investment Management has plowed a billion dollars into shares of Match Group Inc., the owner of Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, and other dating website brands, and plans to boost performance as[…]

EU Watchdog Mulls Probe On Microsoft’s OpenAI Partnership Over “Competition Issues” | ZeroHedge

From: zerohedge EU Watchdog Mulls Probe On Microsoft’s OpenAI Partnership Over “Competition Issues” | ZeroHedge OpenAI’s drama last year caught the attention of government regulators on both sides of the Atlantic. More specially, Microsoft’s $13 billion investment in the Sam Altman-led chatbot company is under intense scrutiny by European regulators.  The European Commission said on[…]

Hyperloop One Reportedly Goes Bust As Next-Gen High-Speed Transit Across US Fails | ZeroHedge

From: zerohedge Hyperloop One Reportedly Goes Bust As Next-Gen High-Speed Transit Across US Fails | ZeroHedge A startup developing the next generation of sustainable high-speed transportation is shutting down, according to a new report.  Once backed by Richard Branson’s Virgin Group, Hyperloop One promised to create the next generation of sustainable high-speed transportation. However, the[…]

Watch Live: SpaceX Launches Mysterious X-37B Spaceplane Into Orbit | ZeroHedge

From: zerohedge Watch Live: SpaceX Launches Mysterious X-37B Spaceplane Into Orbit | ZeroHedge The US Space Force’s Boeing X-37B unmanned, reusable space plane will be launched atop a SpaceX Falcon Heavy rocket from Kennedy Space Center, Florida, on Sunday evening.  The mysterious spaceplane is built by Boeing and operated by the Air Force Rapid Capabilities Office[…]

Elon Musk’s SpaceX Valued at $175 Billion or More in Tender Offer

From Boobberg: Deal implies premium to $150 billion valuation this summer Terms, including size, not yet finalized and could change SpaceX dominates the market for commercial space launch services with its Falcon rockets. Photographer: Red Huber/Getty Images By Gillian Tan, Katie Roof, and Edward Ludlow December 6, 2023 at 5:58 PM EST Updated on  December 6, 2023 at 6:54[…]

Jeff Bezos Hires Elon Musk For Rocket Launches  | ZeroHedge

From: zerohedge Jeff Bezos Hires Elon Musk For Rocket Launches  | ZeroHedge Jeff Bezos’s space efforts at Amazon and his space company, Blue Origin, have been hit with ‘frustrating delays’ including a rocket engine explosion during a routine test earlier this year. With mounting delays, Amazon was forced to sign a deal with rival Elon Musk’s SpaceX[…]