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OpenAI on Monday announced that it closed one of the largest private funding rounds in history. “Today we’re announcing new funding — $40B at a $300B post-money valuation, which enables us to push the frontiers of AI research even further, scale our compute infrastructure, and deliver increasingly powerful tools for the 500 million people who … Read more
Key Takeaways Ripple has received approval from the DFSA to provide regulated crypto payments in the DIFC. Ripple’s entry into the $40 billion UAE payments market marks its first licensed operation in the Middle East. Share this article Ripple has obtained permission from the Dubai Financial Services Authority (DFSA) to start offering its crypto payments … Read more
OpenAI may have billions of dollars in the bank. But it’s gearing up to raise billions more, according to a report from The Wall Street Journal. Per The WSJ, OpenAI is in talks to secure up to $40 billion in a funding round that would value the startup at $340 billion. SoftBank would lead the … Read more
Binance founder Changpeng Zhao has triggered a discussion about cryptocurrency adoption in the UAE after sharing claims about the nation’s Bitcoin holdings. In a recent X tweet, Zhao shared an article claiming the United Arab Emirates holds $40 billion in Bitcoin (BTC). The figure immediately drew attention from industry observers, particularly crypto lawyer Irina Heaver. … Read more
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