Elon Musk’s xAI Buys Building for Third Supersized Data Center
Elon Musk’s xAI has bought a building for a third supersized data center it’s planning outside Memphis, Tennessee, in pursuit of the company’s goal of getting 1 million chips online to power its...
JCPenney Private Equity Deal Leaves 117 Stores in Limbo
Earlier this year, private equity firm Onyx Partners announced plans to buy 117 JCPenney stores.
But that $935 million deal, which Onyx said it is working to close, has been delayed multipl...
SoftBank Makes Good on $40 Billion OpenAI Investment
SoftBank completed its promised $40 billion investment commitment to OpenAI, CNBC reported Tuesday (Dec. 30), citing unnamed sources.
The Japanese investment firm last week gave the artific...
Fix Private Markets Before Small Investors Are Invited In
Wall Street’s latest push into private markets may give individual investors and their 401(k) accounts access to shares of unicorns like SpaceX and OpenAI. It may also allow them to add billions of ...