Shiny new innovations draw in ambitious founders and investors, and then FOMO brings in everyone else, making the eventual fall harder.
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As OpenAI wraps its latest funding round — a $6.6 billion raise at a $157 billion valuation — it’s asking financial backers for exclusivity.
For years, traditional cable had one trump card against the upstart streamers devouring their business: live programming. Not anymore.
TD Bank was fined more than $3 billion by regulators in October in what’s arguably the biggest banking scandal of the year.
Europe’s bank M&A scene has been noticeably stagnant for a while, but that could all be about to change next year.