OpenAI, the creator of ChatGPT, has reached a $500 billion valuation, following a secondary share sale of approximately $6.6 billion by current and former employees. This marks a significant increase from its prior $300 billion valuation, reflecting rapid growth in users and revenue. The transaction involved top-tier investors, including SoftBank, Thrive Capital, Dragoneer Investment Group,...
Brazilian cryptocurrency company OranjeBTC is set to begin trading on the B3 stock exchange next week, marking a new step in the country’s growing crypto adoption. The firm aims to expand its bitcoin treasury and educate investors on the digital asset market through its proprietary learning platform. The company is backed by high-profile investors including...
The private credit and private equity boom in Asia is poised for a cycle test, with liquidity and exit challenges looming in public markets across the region. Buyout activity reached $138 billion in 2024, marking the second-best year in a decade, while private credit AUM has surged six-fold since 2014 to ~$93 billion. Yet, as...
Global investment firm KKR has acquired a minority stake in the entity leasing Abu Dhabi National Oil Company’s (ADNOC) gas pipeline assets, marking a continued expansion of its Gulf infrastructure portfolio. Financial terms were not disclosed. The investment, structured through KKR’s managed accounts, aligns with long-duration capital strategies. ADNOC retains full ownership and operational control...
From restaurant robots to military tech, Steven Simoni and co-founder Luke Allen have pivoted Silicon Valley marketing skills into defense innovation. Their company, Allen Control Systems, is developing AI-powered anti-drone systems, including the Bullfrog, a turret capable of shooting drones out of the sky. With $40 million in funding, including backing from Craft Ventures, the...
London-based hedge fund Eisler Capital has announced it will shut down its multi-strategy fund by year-end, alongside other investment vehicles and its management operations. The decision follows disappointing performance and rising costs, including challenges in attracting and retaining experienced talent. The fund, which managed over $4 billion in 2024, posted a year-to-date loss of 1.7%...