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Amazon, Meta back Scale AI in $1 billion funding deal that values firm at $14 billion
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Atalaya Capital Raises $1 Billion for Asset-Based Financing Fund
The New York-based alternative investment firm continues to expand its asset-based lending strategy.The Wall Street Journal - World -
G7 leaders agree on $50 billion Ukraine aid deal
President Biden is meeting with more world leaders at the G7 Summit in Italy after an opening day that saw the President make a major commitment to war-torn Ukraine. Biden is also expected to have a private meeting with Pope Francis. NBC’s Gabe ...NBC News - Politics - Ukraine -
What to Know About the $50 Billion Ukraine Loan Backed by Russian Assets
The United States and others plan to give the sum to Kyiv, with the interest from Moscow’s assets frozen in the West used to repay it. But many of the details about the arrangement are unclear.The New York Times - World - Ukraine -
Elon Musk gets 77% approval from shareholders to get back his big, $44.9 billion Tesla pay package
Tesla shareholders have voted to restore CEO Elon Musk’s record $44.9 billion pay package that was thrown out by a Delaware judge earlier this yearABC News - Tech - Elon Musk -
The West and Russia's Frozen Assets
A plan to use the Kremlin’s money to fund Ukraine doesn’t do enough and is needlessly complex.The Wall Street Journal - World - Russia -
Exclusive: Former Meta engineers launch Jace, an AI agent that works independently
While Jace can already handle a range of tasks, Zeta Labs has not monetized the product yet. The company is working with design partners.VentureBeat - Tech - Meta -
Friday Briefing: A $50 Billion G7 Loan to Ukraine
Also, China’s push into driverless cars and the dangers of hair relaxers.The New York Times - World - Ukraine -
Japan Commits $4.5 Billion for Ukraine, Zelensky Says
The agreement underscores Japan’s efforts to strengthen its security and diplomatic ties with Europe after the full-scale conflict began in 2022.The New York Times - World - Ukraine -
BoJ to ‘significantly’ scale back bond buying in shift on ultra-loose policy
Yen weakens after Japanese central bank delays releasing details on plans to trim balance sheetFinancial Times - World -
'It's a Scam.' Accusations of Mass Non-Payment Grow Against Scale AI's Subsidiary, Outlier AI
A Silicon Valley unicorn with a reputation for fleecing workers abroad is behind the AI startup now seemingly doing the same in the U.S.Inc. - Business
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CEOs at Trump meeting: Ex-president ‘meandering’ and ‘doesn't know what he's talking about’
Trump offered scant details on how he would reduce taxes and cut back on business regulations, according to two people in the room.CNBC - Business - Donald Trump -
Jeff Bezos is a 'brilliant man' for what he's done at Whole Foods, says ex-CEO: 'He thinks really long term'
After Amazon acquired Whole Foods Market for $13.7 billion in 2017, Jeff Bezos backed price cuts at the grocery chain long known derisively as "whole paycheck."CNBC - Business -
This ETF strategy may help investors skirt market concentration risk
A top exchange-traded fund provider is screening diversified value stocks for long-term gains.CNBC - Business -
Nvidia CEO: One of the most 'profound learnings in my life' came from a gardener—how it made me successful
Jensen Huang learned a valuable career lesson from a gardener while on a trip to Kyoto, Japan. Here's why he says it resonates with him.CNBC - Business -
Jared Kushner's post-White House deal-making included badly timed bet on Amazon aggregator
Shortly after leaving the Trump White House, Jared Kushner was putting Saudi money to work across a host of businesses, including Amazon aggregator Unybrands.CNBC - Business