The Latest Breaking News from Semafor

Microsoft has invested billions in OpenAI, and is now revealing what the money is building.

"We're going to lead in the AI era, knowing that maximum enterprise value gets created during platform shifts," said CEO Sataya Nadella.

Microsoft said its investment in OpenAI will "accelerate AI breakthroughs to ensure these benefits are broadly shared with the world."

Pompeo trashed Haley over the move against Pence as all three prepare potential 2024 presidential bids

Less than two years after buying Frank, the bank claims that Frank’s management invented numbers it provided during the due diligence process.

The Coinbase CEO embracing mainstream media could help his company—but also all of crypto.

Stock futures slip lower on hawkish Fed signals; Powell speech in focus as rate bets test tightening path; Pfizer may sell Covid treatment in China through local partner; Oak Street Health soars on $10 billion CVS takeover report and Microsoft said to eye $10 billion OpenAI investment.

Microsoft Corp is in talks to invest $10 billion into OpenAI, the owner of ChatGPT, which will value the San Francisco-based firm at $29 billion, Semafor reported on Monday, citing people familiar with the matter. The funding includes other venture firms and deal documents were sent to prospective investors in…

BENGALURU: Microsoft Corp is in talks to invest US$10 billion into OpenAI, the owner of ChatGPT, which will value the San Francisco-based firm at $29 billion, Semafor reported on Monday, citing people familiar with the matter.

As Wall Street goes from feast to famine, Goldman Sachs is reportedly weighing the largest cuts to banker bonuses since the 2008 financial crisis

With dozens of African leaders descending on Washington this week, the Biden administration is offering a not so subtle pitch in its economic competition with China on the continent: The U.S. offers a better option to African partners