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OpenAI raises additional $40 billion USD in latest funding round

OpenAI raises additional $40 billion USD in latest funding round

Led by SoftBank, OpenAI has secured another $40 billion USD in funding as part of its latest funding round. This means the company is now estimated to be worth $300 billion USD and is the largest funding round ever for a private tech company. OpenAI has secured another huge round of funding. Led by SoftBank, a Japanese multinational investment holding company, the company is now worth $300 billion USD after raising...

By Bristol, UK
Napster sells for $207 million USD to Infinite Reality

Napster sells for $207 million USD to Infinite Reality

Napster was once synonymous with music piracy in the early noughties and has been credited with kickstarting the industry shift toward streaming services. It has just sold for $207 million USD. Napster still exists! The once-giant file-sharing platform has been bought by tech startup Infinite Reality for $207 million USD. The deal was announced on Tuesday, with intentions to transform Napster into a social music platform where artists can interact with...

By Bristol, UK
New union launched for game developers in US and Canada

New union launched for game developers in US and Canada

The United Videogame Workers union has been announced at this year’s Game Developers Conference, formed in partnership with the Communications Workers of America and the American Federation of Musicians. More game developers are looking to secure their working rights and benefits with the formation of a new union. The direct-join union was announced at this year’s Game Developer Conference and is officially called ‘The United Videogame Workers’ union, or UVW-CWA...

By Bristol, UK