Business
Curated links to notable company, market, economy, and technology stories.
OpenAI Closes $12B Round at $300B Valuation, Largest Private Raise in History
The deal marks a new chapter for AI startups and raises hard questions about the venture model at this scale. Thrive Capital led, with participation from Microsoft, Nvidia, and SoftBank.
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Stripe confidentially files for IPO targeting $100B+ valuation
JPMorgan warns commercial real estate losses could extend into 2027
Apple supplier Foxconn builds $2B chip packaging plant in India
EU carbon border tax takes effect, reshaping global trade flows
Rivian and Volkswagen joint venture announces first shared EV platform
Saudi Aramco cuts July crude prices for Asia amid softening demand
Shopify launches AI commerce agent, stock jumps 8% pre-market
Federal student loan defaults hit 15-year low after reform rollout
Sequoia Capital splits China operation into fully independent fund
Amazon Web Services opens sovereign cloud region in Germany