Opinion
AI’s Trillion-Dollar Price Tags Meet a Market That Blinked
A month ago the debate over the two leading AI labs was whether they were worth $1.5 trillion or $2 trillion. This week the…
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M&A
SoftBank, ABB Weigh China Carve-Out After Beijing Blocks Deal
SoftBank Group Corp. and ABB Ltd. are weighing whether to separate the Chinese operations of ABB's robotics business from SoftBank's planned $5.4 billion purchase…
Capital Raises
OpenAI Raises $11 Billion at a $1.25 Trillion Valuation
OpenAI closed on $11 billion of new funding, the first piece of a round that values the artificial-intelligence company at $1.25 trillion, according to…