Shiny new innovations draw in ambitious founders and investors, and then FOMO brings in everyone else, making the eventual fall harder.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
As OpenAI wraps its latest funding round — a $6.6 billion raise at a $157 billion valuation — it’s asking financial backers for exclusivity.
It’s the latest in several moves — announced in swift succession — that suggest a radical overhaul in Zuckerberg’s thinking about Meta.
Executives at top financial services firms expect to cut as many 200,000 jobs in the next five years and significantly increase revenues.
The investment company says advisors and investors should break from the traditional strategy and take on more defensive positions this year.