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02.10.2025 13:54
OpenAI Is Worlds Largest Startup at $500 Bln Valuation OpenAI has completed a deal to help employees sell shares in the company at a $500 billion valuation, making it the worlds largest startup. Current and former OpenAI employees sold about $6.6 billion of stock to investors, a person familiar with the transaction said. That boosted the ChatGPT owners price tag well past its previous $300 billion level during a SoftBank-led financing round earlier this year. Bloombergs Manuel Baigorri reports.

02.10.2025 14:00
Trump Raises Stakes in Shutdown by Punishing New York and Threatening Layoffs The US government shutdown entered its second day with the Trump administration having raised the stakes in its showdown with Democrats, first by punishing the home city of its two leading antagonists and then by signaling a willingness to fire thousands of federal workers, despite some Republicans concerns that the strategy could backfire.