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☆ How Berlin's techno scene came to define the post-wall city and earn UNESCO cultural heritage status — with a little help from Detroit
▼ + stars: | 2024-04-28 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +7 min

Berlin's techno scene was recently added to the UNESCO intangible cultural heritage list in Germany. The impact on Berlin's identity has been so significant that it has now received official recognition, with the city's techno scene recently added to UNESCO's intangible cultural heritage list in Germany. Dimitri HegemannWhen Dimitri Hegemann first entered the space that was to become the original site of Tresor, now one of Berlin's most iconic techno clubs, he was silent. A DJ performing during the Rave The Planet techno parade in Berlin, 2023. Lutz Leichsenring, a board member at the Clubcommission, told BI that the recognition was a "milestone for Berlin techno producers, artists, club operators and event organizers."

Persons: —, Dimitri Hegemann, Hegemann, Jeff Mills, Juan Atkins, Christian Ender, Nathan Rennolds Polish, Jennifer Kucza, Sean Gallup, Berliners, Lutz Leichsenring Organizations: UNESCO, Service, Business, BBC, Reuters, Berlin Locations: Germany, Berlin, Tresor, Detroit, New, —

☆ How cellphones can get you killed on the modern battlefield, according to a US Army officer
▼ + stars: | 2024-04-21 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +4 min

A US Army officer said military trainers had warned soldiers of the dangers of cellphone use. Ukraine has used Russian soldiers' cellular data to locate and target their positions. But they are also potentially lethal for the soldiers carrying them, a US Army officer has said. Maj. Gen. Curtis Taylor told Jack Detsch, a reporter at Foreign Policy, that Army trainers had been warning soldiers about the dangers of taking cellphones on operations. Russian sources claim 89 soldiers were killed in the strikes, while Ukraine put the number at around 400.

Persons: —, Curtis Taylor, Jack Detsch, We've, Taylor, Fort Irwin, Dimitar Dilkoff, Enea, Lockheed Martin Organizations: US Army, Policy, Service, Foreign, Army, National Training Center, Fort, Getty, Russian Ministry of Defense, M142, Artillery Rocket Systems, Sky News, Lockheed Locations: Ukraine, Russian, Ukrainian, AFP, Russia, Makiivka, Leer

☆ Everything you need to know about the Russian Tu-22M3 bomber plane and how Ukraine said it shot one down in war first
▼ + stars: | 2024-04-20 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

Ukraine said it had shot down a Russian supersonic Tu-22M3 plane. Here's everything you need to know about the Tu-22M3 and how Ukraine says it shot it down. AdvertisementUkrainian intelligence said on Friday that it had shot down a feared Russian Tu-22M3 bomber plane for the first time as it launched a combat mission on Ukraine. AdvertisementTupolev describes the Tu-22M aircraft series as a "conventionally designed aircraft with a variable-swept low wing." A weeklong ambushImage appearing to show the Tu-22M3 aircraft after crashing.

Persons: —, Vladimir Vladimirov Kyrylo Budanov, HUR, WarTranslated, Dmitri Organizations: Service, NATO, Tupolev, Defence Intelligence, Ukraine, BBC, Main Directorate of Intelligence, British Ministry of Defence, Russian Air Force Locations: Ukraine, Russian, Soviet, BBC Ukraine, Russia

☆ Russian Foreign Minister Sergey Lavrov signals Putin's plan to seize Kharkiv and create a 'sanitary zone'
▼ + stars: | 2024-04-20 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewForeign Minister Sergey Lavrov has strongly suggested that Russia intends to seize the city of Kharkiv in northeastern Ukraine, making him the first senior Kremlin official to identify the city as a potential target outright. Moscow has already made it clear that it believes the only way to defend Russian territory is through such a buffer zone, which would put its settlements out of reach of Ukrainian fire. AdvertisementPutin has wanted to take Kharkiv since the start of Russia's full-scale invasion in February 2022. The city has symbolic as well as strategic value for the Russian president, as it has a majority Russian-speaking population and was the first capital of the Ukrainian Soviet Socialist Republic.

Persons: —, Sergey Lavrov, Lavrov, Ukraine's, Vladimir Putin's, Dmitry Peskov, Oleksandr Syrskyi, Putin, Volodymyr Zelenskyy Organizations: Service, Kremlin, for, Business, Bloomberg, Kharkiv, Ukrainian Soviet, Komsomolskaya Pravda Locations: Russia, Kharkiv, Ukraine, Moscow, Ukrainian, Russian, Ukrainian Soviet Socialist Republic, Moskva

☆ US says Iran readying as many as 100 cruise missiles for possible strike on Israel, reports say
▼ + stars: | 2024-04-13 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +1 min

The US expects Iran will carry out a number of strikes on Israel. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . One of the people said that US officials believe Iran could be readying as many as 100 cruise missiles for an attack, the report said. This story is available exclusively to Business Insider subscribers.

Persons: Joe Biden, Israel, — Organizations: Islamic Revolutionary Guard Corp, Service, CNN, ABC News, Business Locations: Iran, Israel, Syria

☆ McDonald's new marketing: Billboards that smell like its French fries
▼ + stars: | 2024-04-13 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +1 min

Fast food giant McDonald's launched a new marketing campaign this week. It produced a series of blank yellow and red billboards in the Netherlands. AdvertisementFast food giant McDonald's released a new and quirky marketing campaign this week. The company has found a novel way to leverage some of its iconic products by making the billboards smell like their fries. It released a series of blank yellow and red billboards in the Netherlands that don't even carry the McDonald's golden arches logo.

Persons: — Organizations: Service, Business Locations: Netherlands

☆ Ukraine appears to strike a powerful electronic warfare system previously dubbed the 'backbone' of Russia's jamming technology
▼ + stars: | 2024-04-13 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

Ukraine said it struck a powerful Russian electronic warfare system this week. Footage appears to show it had destroyed a Borisoglebsk-2 EW jamming station. it had destroyed a Borisoglebsk-2 EW jamming station. AdvertisementUkraine's special operations forces (SSO) said on Wednesday that it had targeted a Russian Borisoglebsk-2 electronic warfare (EW) system. The SSO said that the EW system was first used against Ukraine in 2014 during Russia's annexation of the Crimean peninsula.

Persons: — Organizations: Service, 3rd SSO Regiment, International Centre for Defence, Security, Reuters Locations: Ukraine, Russian, Donetsk, Crimean, Russia

☆ Video appears to show Ukrainian soldiers walking up and stealing a souped-up Russian tank
▼ + stars: | 2024-04-08 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Footage appears to show Ukrainian soldiers stealing an advanced Russian tank. AdvertisementA new video claims to show Ukrainian soldiers stealing an advanced Russian tank and driving away with it. It is not clear if any Russian soldiers were inside the tank when it was reportedly taken. It said Azov soldiers, along with other Ukrainian brigades, had intelligence that an armored column of Russians was on the move. AdvertisementIt said 50 Russian soldiers were killed, while others escaped by running away and abandoning their gear.

Persons: —, Ukraine's, Insider's Nathan Rennolds Organizations: Service, 12th Azov Assault Brigade, Azov, Intelligence, Azov Brigade, Ukraine's 60th Mechanized Brigade, Azov Assault Brigade, Russia, International Institute for Strategic Studies Locations: Russian, Ukraine, Terny, Ukrainian, Ukraine's, Donetsk, Russia, Bakhmut, West

☆ Sam Bankman-Fried was the 'the poster child' of the effective altruism movement, now the charity he bankrolled is shutting down
▼ + stars: | 2024-04-06 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

An "effective altruism" charity backed by Sam Bankman-Fried is set to close. The jailed former crypto billionaire was a major proponent of effective altruism. AdvertisementA UK-based "effective altruism" charity funded by the disgraced former cryptocurrency billionaire Sam Bankman-Fried is set to close. Effective Ventures Foundation UK, originally incorporated in 2012, reported income of more than £140 million in 2022, which is around $177 million as of April 2024. The UK Charity Commission also opened an inquiry into Effective Ventures UK in December 2022 in order to assess any potential risks to the charity's assets.

Persons: Sam Bankman, —, Luke Kemp, Michael Lewis, Fried Organizations: Service, Ventures Foundation, University of Oxford, University of Cambridge's, Harvard Law School, Alameda Research, Financial Times, UK, Commission, Ventures UK Locations: Oxford, Silicon Valley, FTX

☆ Saudi Arabia's futuristic $500 billion Neom megacity just got a lot smaller ... for now, report says
▼ + stars: | 2024-04-06 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +1 min

Saudi Arabia has cut estimates for people living in its $500 billion Neom project. Its government hoped the futuristic "The Line" city would hold 1.5 million by 2030. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSaudi Arabia has cut estimates for the number of people living in its Neom megacity project by 2030.

Persons: — Organizations: Bloomberg, Service, Business Locations: Saudi Arabia

☆ Taylor Swift fan sues Delta Air Lines after being sexually assaulted by mechanic on flight
▼ + stars: | 2024-03-31 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +4 min

A Taylor Swift fan is suing Delta Air Lines after she was sexually assaulted on a flight. AdvertisementA woman is suing Delta Air Lines after she was sexually assaulted on a flight last year. AdvertisementIndeed, The US Attorney's Office for the Western District of Washington highlighted two other incidents in March in its jurisdiction. Roberson faces up to a year in prison when sentenced on June 5, 2024, said the US Attorney's Office on March 8. Sexual assaults on aircraft are also increasing nationally, with the FBI last year noting a "disturbing increase" in incidents.

Persons: Taylor, —, Taylor Swift, Mark Lindquist, Duane Brick, Brick, " Lindquist, Brian Patrick Durning, Tessa Gorman, Jack Roberson, Seattle . Roberson Organizations: Delta Air Lines, Service, Mark Lindquist Law, Delta, Newsweek, US, Office, Western, of Washington, Airlines, Getty, of, Washington, FBI Locations: Delta, Phoenix, Seattle, King County , Washington, FilippoBacci, Western, of Washington, Emirates, Atlanta

☆ Russian assault to capture Ukraine's 2nd-largest city can't be ruled out, commander says
▼ + stars: | 2024-03-31 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

The head of Ukraine's armed forces said a Russian offensive against Kharkiv could not be ruled out. AdvertisementThe commander in chief of Ukraine's armed forces has said a Russian attack on Kharkiv could not be ruled out. Russian forces inflicted a strike on a residential area district using a modernized UMPB D-30 guided bomb, Kharkiv, north-eastern Ukraine, March 27, 2024. The bomb, also known as a "gliding bomb," has been adapted with a guidance system and wings, enabling Russian forces to employ "stand-off" tactics and strike targets from long range. AdvertisementSuch weapons help Russian forces supplement their "inadequate" stocks of air-launched missiles and allow them to avoid using free-fall bombs that put pilots closer to the firing line, the think tank says.

Persons: Oleksandr Syrskyi, —, Ukrinform, Vladimir Putin, Putin, Sergey Bolvinov, Vyacheslav Madiyevskyy, Volodymyr Tymoshko Organizations: Kharkiv, Service, Ukrainian Soviet, Ukrainian Soviet Socialist Republic, Associated Press, Publishing, Getty Images, Reuters, International Institute for Strategic Studies Locations: Russian, Ukraine, Kharkiv, Ukrainian, Russia, Ukrainian Soviet Socialist, Getty Images Russia

☆ Planned US arms transfer to Israel of 2,000-pound block-busting bombs branded 'obscene' hypocrisy by Bernie Sanders as criticism builds
▼ + stars: | 2024-03-30 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +1 min

Bernie Sanders said the US could not "beg" Israel to stop bombing civilians and then continue to supply arms. The Biden Administration has authorized a new package worth billions in fighter jets and bombs for Israel. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA new US arms package for Israel worth billions of dollars in fighter jets and bombs is facing major criticism from some politicians. The Biden Administration has authorized the transfer of more than 1,800 2,000-pound bombs to Israel, The Washington Post reported, citing unnamed Pentagon and State Department officials familiar with the matter.

Persons: Bernie Sanders, Biden, —, Vermont Sen, Netanyahu Organizations: Biden Administration, Service, The Washington Post, Pentagon, State Department, Business Locations: Israel, The, Vermont

☆ Shani Louk: Hamas victim's father defends award-winning photo of her body as 'symbol' of an era
▼ + stars: | 2024-03-30 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AP Photo/Ali MahmudThe decision to award the prize for Mahmud's photo received fierce backlash on social media and from some Jewish commentators. Israeli writer Hen Mazzig also took to X to hit out at the decision, saying that the image "dehumanizes" Louk. Advertisement"This is one of the most important photos in the last 50 years"But Louk's father, Nissim Louk, told Israeli news outlet Ynet that he was glad the photo won the award. This is one of the most important photos in the last 50 years.

Persons: —, Ali Mahmud, Shani, Shani Louk, Hen Mazzig, retraumatizes, Nissim Louk, Nissim, Noa Argamani, Al Jazeera Organizations: Service, Associated Press, Reynolds Journalism, Hamas, Business, Peace, AP, State Locations: Israel, Kibbutz Urim, Israeli, Gaza

☆ Dachshund could face ban in Germany because of inherent health problems, highlighting wider dog breeding concerns
▼ + stars: | 2024-03-30 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In that case, the legally stipulated breeding ban will affect all healthy dogs that deviate from the wolf type in their appearance," per The Times. AdvertisementDachshunds are plagued by a range of health problems relating to their "extreme body shape," according to the British Veterinary Association. Joey Hadden/Business InsiderDachshunds are not the only breed to suffer from breeding-related issues. Other dogs with significant health issues derived from selective breeding include the pug and the bulldog, both suffer from serious breathing difficulties due to their flat faces.

Persons: —, Peter Friedrich, Joey Hadden, Dachshunds Organizations: Service, German Kennel, The, Business, Times, Sky, British Veterinary Association, UK's Royal Society for, Animals, RSPCA, PETA Locations: Germany, London

☆ 7 taken to hospital after 'severe turbulence' on Newark-bound United Airlines flight
▼ + stars: | 2024-03-30 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

Seven people were taken to hospital following a United Airlines flight on Friday. The flight from Tel Aviv to Newark experienced "severe turbulence." It was forced to land at New York Stewart International Airport due to a "passenger medical emergency." AdvertisementSeven people were taken to hospital after a United Airlines flight bound for Newark experienced "severe turbulence" on Friday, officials said. Business Insider has contacted United Airlines and the Federal Aviation Administration (FAA) for comment.

Persons: —, United, Michael Bigg, Bigg, Max, Scott Kirby, Kirby Organizations: United Airlines, New York Stewart, Service, Newark, New York Stewart International, Federal Aviation Administration, CNN, Windsor Emergency Medical Service, New, New York International Airport, Newark Liberty International Airport, NBC News, FAA, CBS, Airlines, Alaska Airlines Locations: Tel Aviv, Newark, New, Windsor, New York, United, Israel, Gaza, San Francisco, Paris, Denver

☆ Bleak images show snapshots of daily life in the closed world of North Korea
▼ + stars: | 2024-03-24 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +1 min

An AFP photographer captured rare shots showing everyday life in North Korea. `The images show a bleak picture of life in the completely isolated nation. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAn AFP photographer captured rare images showing daily life in North Korea. The images Pardo took between February 26 and March 1 offer a bleak yet fascinating look at life in a country shrouded in secrecy.

Persons: Pedro Pardo, —, Pardo, Kim Il Organizations: Service, Democratic People's, Marxist, Business Locations: AFP, North Korea, China's Jilin, North Korea's, China, Jilin province, Democratic People's Republic of Korea, DPRK

☆ Starbucks Middle East franchisee to slash over 2,000 jobs as boycotts linked to the Israel-Gaza conflict hit Western brands, says report
▼ + stars: | 2024-03-09 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

This story is available exclusively to Business Insider subscribers. In a statement in December, Starbucks CEO Laxman Narasimhan said protesters had been "influenced by misrepresentation on social media" of what the company stands for. AdvertisementA Starbucks spokesperson told Business Insider: "As Alshaya reviews its business portfolio they have made the difficult decision to eliminate some roles in their Starbucks store portfolio." The layoffs came as Starbucks and other Western brands such as McDonald's and KFC have faced consumer boycotts over the Israel-Gaza war. "So long as this war is going on ... we're not expecting to see any significant improvement (in these markets)," McDonald's CEO Chris Kempczinski said.

Persons: —, Laxman Narasimhan, AlShaya, Narasimhan, we're, Chris Kempczinski, Jack Guez Organizations: Service, Reuters, Palestine, Business, Starbucks, AlShaya, KFC, Getty Locations: East, North Africa, Gaza, Israel, Palestine, Kuwait, Indonesia, Malaysia, France, Sderot, AFP

☆ JK Rowling hits out at reports calling a transgender cat killer and convicted murderer a woman
▼ + stars: | 2024-03-03 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewJK Rowling has hit out at reports calling a transgender cat killer and convicted murderer a woman. It is not the first time Rowling has aired her views on transgender issues. In a 2020 statement released via The Trevor Project, Daniel Radcliffe, who played the films' titular character, said: "Transgender women are women. AdvertisementTiffany Scott, also known as Andrew Burns, died on Thursday aged 32, the Scottish Prison Service confirmed, per The Telegraph.

Persons: —, Rowling, Harry Potter, Scarlet Blake, Jorge Martin Carreno, Blake, Jon Capps, Forstater, JK Rowling, I've, Daniel Radcliffe, Jo, Tiffany Scott, Andrew Burns Organizations: Service, Sky, Business, Spanish, BBC, Thames Valley Police, JK, Scottish Prison Service Locations: Scotland

☆ German chancellor appeared to suggest that British and French soldiers have helped Ukraine fire 'deep-strike' missiles at Russian targets, report says
▼ + stars: | 2024-02-29 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +4 min

Read previewGerman Chancellor Olaf Scholz has been criticized for a "flagrant abuse of intelligence" after he appeared to suggest British and French soldiers had been helping Ukraine fire missiles they had supplied. "German soldiers must at no point and in no place be linked to targets this system reaches," he added. A German government spokesperson told Business Insider they had no comment on the reports. Thierry Wurtz/MBDAIn May 2023, the UK became the first country to begin sending Ukraine long-range missiles with the delivery of long-range Storm Shadow missiles. According to the Atlantic Council think tank, they enable Ukraine to target ammunition depots and command posts deep inside Russian territory.

Persons: —, Olaf Scholz, Scholz, Ben Wallace, Tobias Ellwood, Thierry Wurtz Organizations: Service, Business, Storm, Associated Press, Telegraph, Former UK, of Commons Defence, British Ministry of Defence, Armed Forces of, Rafale, Atlantic Council, Fleet, BBC Locations: Ukraine, Germany, Britain, France, Europe, Russia, Armed Forces of Ukraine, Sevastopol

☆ Trump will likely run out of legal defense funds by summer, report says
▼ + stars: | 2024-02-18 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +1 min

Donald Trump will likely run out of legal defense funds by summer, Bloomberg reported. The former president faces substantial legal fees as he fights four criminal cases. Earlier this week, a New York judge ordered Trump to pay $355 million in a civil fraud case ruling. AdvertisementFormer President Donald Trump will likely run out of legal defense funds this summer, Bloomberg reported. In 2023, Trump spent $51.2 million on legal costs and has a further $23.5 million available for lawyers' fees — but that source of money will likely dry up around July, the report said.

Persons: Donald Trump, Trump, — Organizations: Bloomberg, Service, Business Locations: New York

☆ Trump receives mixed reception as he launches $400 gold sneakers day after $355 million court ruling
▼ + stars: | 2024-02-18 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +2 min

Read previewFormer President Donald Trump made a surprise appearance at "Sneaker Con" in Philadelphia on Saturday. The shiny gold "Never Surrender High-Tops" features an American flag on the back and a capital "T" on the side. They are available on a website selling Trump cologne and other Trump-branded shoes. Trump getting booed at Sneaker Con while trying to sell Trump Shoes for $399.00. AdvertisementTrump claimed last year that he had more than $400 million in cash at his disposal.

Persons: —, Donald Trump, Trump, Manuel Balce Ceneta, I've, Con, ieMjb7FCVp, Ron Filipkowski, Arthur Engoron, Jean Carroll Organizations: Service, Business, Trump cologne, Trump, Philadelphia Convention Center, Associated Press, AP, New Locations: Philadelphia, York

☆ Denmark to send its 'entire artillery' to Ukraine, the country's prime minister says
▼ + stars: | 2024-02-18 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +1 min

Denmark is sending all of its artillery to Ukraine, the Danish prime minister has said. Mette Frederiksen made the announcement while speaking at the Munich Security Conference. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDenmark is sending its "entire artillery" to Ukraine, the Danish prime minister has said. Speaking at the Munich Security Conference, Mette Frederiksen appealed to other European nations to do more to help Ukraine in its fight against Russian President Vladimir Putin's invading forces.

Persons: Mette Frederiksen, —, Vladimir Putin's Organizations: Munich Security, Service, Russian, Artillery, Business Locations: Denmark, Ukraine, Danish

☆ Ukrainian troops pull out of key eastern town of Avdiivka, the 'gateway' to Donetsk
▼ + stars: | 2024-02-17 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewUkrainian troops have withdrawn from the war-torn eastern town of Avdiivka. Russian forces now appeared "to be focused on complicating or preventing a complete Ukrainian withdrawal," according to the think tank. The fall of the town marks one of the biggest changes in battle lines since Russia took Bakhmut in May 2023. AdvertisementBut Ukrainian forces battling for the town were facing severe ammunition shortages as talks in Congress over sending $60 billion in US aid stalled.

Persons: —, Oleksandr Syrskyi, Syrskyi, Mykola Bielieskov, Kostiantyn, Valery Zaluzhny, Zaluzhny, Mike Johnson Organizations: Service, Facebook, Armed Forces of, Business, National Institute for Strategic Studies, New York Times, for, Bakhmut Locations: Avdiivka, Armed Forces of Ukraine, Ukraine, Pokrovsk, Russia, Russian, Donetsk, Israel

☆ OpenAI valued at $80 billion following deal that allows staff to cash out their shares, report says
▼ + stars: | 2024-02-17 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +2 min

OpenAI has been valued at $80 billion or more following a new deal, The New York Times reported. The deal allows staff to cash out their shares in the company, per the report. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe artificial intelligence (AI) firm OpenAI has completed a deal that valued the business at $80 billion or more, The New York Times reported on Friday, citing three unnamed people with knowledge of the deal. The deal allows OpenAI employees to cash out their shares in the company, the report added.

Persons: OpenAI, —, Andreessen Horowitz, Sam Altman, Sora Organizations: New York Times, Service, Sequoia Capital, K2 Global, Microsoft Locations: San Francisco, Tokyo

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