Ramp raises another $150 million co-led by Khosla, Founders Fund at a $7.65B valuation | TechCrunch
Ramp raised $150 million at a $7.65 billion valuation, led by Khosla Ventures and Founders Fund, to boost revenue growth and continue expansion. [ more ]
OpenAI Plans Share Sale Following Leadership Turmoil
OpenAI's valuation may have been negatively affected by recent events, but some analysts argue that its rivals like Google and Amazon offer more stable generative AI alternatives.
Altman, the former CEO of OpenAI, took a job with Microsoft after negotiations for his reinstatement hit an impasse.
OpenAI's board prioritizes humanity as the principal beneficiary, but it's unclear how they will weigh different impacts of AI on society. [ more ]
Fintech's On-Ramp To Retail Media; Does YouTube Count As CTV, Digital Or Both? | AdExchanger
The fin-tech valuation landscape has been fluctuating over the years, influenced by factors like data-driven marketing services revenue potential. [ more ]
Investors Love The Trade Desk Stock, But 1 Little-Known Advertising Stock Is a Far Better Bargain to Buy Now | The Motley Fool
Shift from traditional advertising to digital advertising is growing with significant market size projections.
Investing in digital advertising, especially related to CTV, is lucrative based on industry growth trends and success stories like The Trade Desk. [ more ]
Fidelity cuts Meta-backed Meesho valuation to $3.5 billion | TechCrunch
Fidelity has cut the value of its holding in Meesho by 33.6% since the original investment, giving the Indian social commerce startup a valuation of $3.5 billion.
Fidelity has slightly marked up the value of its holding in Reddit, Gupshup, and X. [ more ]
Reddit, birthplace of the meme stock, is going public. Here's what to expect | CBC News
Reddit is aiming for a $6.4 billion valuation with its upcoming IPO on the New York Stock Exchange.
The delay in Reddit's IPO was due to factors like economic instability, operational preparedness, and global events like the Russia-Ukraine conflict. [ more ]
US chipmaker Nvidia scales $2tn amid artificial intelligence boom
Nvidia's stock market valuation reached $2tn fueled by AI boom. Nvidia surpassed Amazon and Alphabet to become the third largest U.S. company. Earnings report showing a 265% sales increase boosted share value. [ more ]
Chicago Bears, schools are $100M apart on tax value of former Arlington Park, complicating stadium proposal
The Chicago Bears and local schools are $100 million apart on the property tax valuations of the former Arlington International Racecourse, complicating the team's plan to build a stadium.
The Bears appraised the property at $60 million to $72 million by categorizing it as vacant residential land, while the school district classified it as commercial land, valuing it at $197 million.
The Bears demolished the racetrack to lower the value of the site, but the Cook County Assessor significantly increased the value of the land. [ more ]