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How Abu Dhabi's Crown Prince Is Trying to Bypass Hormuz

9 hours 6 minutes ago
Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed Al Nahyan took the helm of a $300 billion sovereign wealth fund which has become central to building the infrastructure needed to override Iran’s stranglehold over the Strait of Hormuz. The fund is now likely to spend tens of billions of dollars more on new port infrastructure outside the embattled strait, people familiar with the matter said. Bloomberg's Alex Dooler reports. (Source: Bloomberg)

OpenAI Targets $30 Billion Funding at $1.4 Trillion Value

9 hours 14 minutes ago
OpenAI aims to raise at least $30 billion from investors in a new round of funding, according to people familiar with the matter. The company is seeking a valuation of around $1.4 trillion, not including the money raised, said the people. This comes after the artificial intelligence startup pushed back its plans for an initial public offering. Bloomberg's Neil Campling reports. (Source: Bloomberg)

Is Oracle Stock a Buy Now?

9 hours 33 minutes ago
Key PointsOracle spent $28.5 billion on capital expenditures last quarter, far more than its $19.3 billion in revenue.
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