Topline OpenAI—the artificial intelligence company behind the viral ChatGPT chatbot program—is in discussions to sell shares valuing the firm at $29 billion, according to the Wall Street Journal, afte...
Tag: Valuing
Singapore’s GIC To Buy Stake In Sani/Ikos In Deal Valuing Luxury Resort Group At $2.3 Billion
An aerial view the Sani Resort in Greece. Courtesy of SIG Singaporean sovereign wealth fund GIC has agreed to buy a stake in Greece’s Sani/Ikos Group (SIG) in a deal that values the operator of luxury...
The SEC Objects To MicroStrategy Accurately Valuing Their Multibillion-Dollar Bitcoin Stash
Since 2020, MicroStrategy has begun investing in bitcoin as a component of its capital allocation plan. Over 120,000 BTC are held by the firm. In the absence of its FASB’s crypto-specific regulations,...
The Boring Company raises $675 million in Series C fundraising valuing it at $5.6 billion
The Boring Company (TBC), founded by Tesla (NASDAQ: TSLA) CEO Elon Musk to revolutionize transportation, announced on April 20 its Series C funding round of $675 million. It is projected that The Bori...
A professional art appraiser explains why valuing an NFT is ‘totally different’ than judging a painting
Few trends in crypto have caught on as quickly as non-fungible tokens, or NFTs, which exploded in popularity last year as a way to encode unique items such as artworks or sports memorabilia onto a blo...
WNBA raises $75 million in first-ever funding round, valuing league at $1 billion
The WNBA on Thursday announced it completed its first-ever capital raise, bringing in a host of big-name investors including Nike and former U.S. Secretary of State Condoleezza Rice, as the league loo...
SEC Objects To MicroStrategy Accurately Valuing Its Billion-Dollar Bitcoin Stash
MIAMI, FLORIDA – JUNE 04: MicroStrategy CEO Michael Saylor speaks at the Bitcoin 2021 Convention (Photo by Joe Raedle/Getty Images) Getty Images What Happened MicroStrategy has been purchasing b...
FTX U.S. Raises $400M During Series A Funding Round, Valuing Company at $8B
Cryptocurrency exchange FTX U.S. is currently valued at $8 billion, after raising $400 million during its Series A funding round. “What this raise means to us is that we are officially establishing ou...