Tag: finance
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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Nissan and Honda officially announce plans to merge
Honda and Nissan have officially confirmed rumors that they're pursuing a merger, the companies wrote in a joint press release. Each would continue to operate under its own brand, but with a new joint holding company as parent. If Nissan-controlled Mitsubishi also came on board, the combined group would become…
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The 6 best Mint alternatives to replace the budgeting app that shut down
We’re now living in a post-Mint world. Intuit shuttered the popular budgeting app on March 24, 2024, and suggested its millions of users switch to its other finance app, Credit Karma. I, along with 3.6 million others (as of 2021, according to Bloomberg), had been Mint users for a long…
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The 6 best budgeting apps to replace Mint
More than 10 years and millions of users later, the popular budgeting app Mint has shut down for good. Parent company Intuit shuttered the app on March 24, 2024, and has prompted its users migrate to its other personal finance app, Credit Karma. I, along with 3.6 million others (as…
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