Capital Brief — Business news and politics for the new economy
WEBPsiQuantum will 'need more money' to finish Brisbane supercomputer. Capital Brief covers business and politics news for those shaping the new Australian economy: founders and executives who need capital to grow their businesses, the people who help them get it, investors who allocate it, and decision makers in the federal capital, Canberra.
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WEBBusiness news including Accent Group agrees distribution rights for Lacoste, Dickies, JB Hi-Fi CFO Nick Wells moves to new COO role, Namoi Cotton's directors sell shares into LDC's takeover bid.
OpenAI gets $5.8b credit line, full liquidity to “scale”
WEB23 hours ago · The news: OpenAI secured a US$4 billion ($5.84 billion) revolving credit line on top of its just completed US$6.6 billion equity fundraising, giving the ChatGPT creator liquidity to fund new initiatives and “operate with full agility as we scale,” the company said Thursday. The numbers: The new financing was announced just a day after closing its record fundraising, with several banks ...
Finance and markets — Capital Brief
WEBThe latest finance and markets news from Capital Brief, including banking, deals, ESG, funds management, investment banking, infrastructure, markets, private equity, professional services and venture capital coverage.
OpenAI smashes records with $9.6b raise — Capital Brief
WEB2 days ago · 1. OpenAI boom: OpenAI completed its US$6.6 billion ($9.59 billion) funding round in the largest VC deal ever, and nearly doubling its valuation in just months to become one of the three largest venture-backed startups alongside SpaceX and ByteDance. The deal values the company behind ChatGPT at US$157 billion, post-investment, up from a US$86 billion valuation in a tender offer to employees ...
Technology and startups - Capital Brief
WEBThe lines between equity, secondary sales and debt are blurring, sparking debate on capital disclosure and transparency in the tech ecosystem. The latest technology news from Capital Brief, including artificial intelligence (AI), big tech, consumer tech, cybersecurity, enterprise tech, venture capital and startup coverage.
OpenAI closes record US$6.6b raising, hits US$157b valuation
WEB1 day ago · The news: OpenAI completed its US$6.6 billion ($9.59 billion) funding round, in the largest VC deal ever, nearly doubling its valuation in just months to become one of the three largest venture-backed startups alongside SpaceX and ByteDance. The numbers: The deal values the company behind ChatGPT at US$157 billion, post-investment, up from a US$86 billion valuation in a tender offer to ...
About Capital Brief — Capital Brief - Capital Brief — Business news ...
WEBCapital Brief is a business and politics focused publication that views the world through a new economy lens. It is targeted at the people who will shape this country in the coming decades: founders and executives who need capital to grow their businesses, the people who help them get it, investors who allocate it, and decision makers in …
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WEBSep 17, 2024 · Traders up chance of super-sized Fed cut to 60%. 17 September 2024 · Paulina Durán. Australia's war on Big Tech has spread to the US and EU. Investors are watching. 17 September 2024 · Daniel Van Boom. The Firm.
Nvidia details US$50b buyback and revenue jumps 122%, but …
WEBAug 28, 2024 · The news: Nvidia's reported a revenue of US$30 billion ($44 billion) for the three months ending July 28. It's a number that beat analysts' high expectations of US$28.8 billion, and which represents a 122% rise from the same quarter last year. The company also announced its board earlier this week approved a US$50 billion stock buyback.