Topic: sovereign wealth
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Norway's $1.5T Fund Deals Blow to Musk's $56B Pay Package
Norway's $1.5 trillion sovereign wealth fund has voted against Tesla's proposed $56 billion compensation package for Elon Musk, citing concerns over its scale and shareholder dilution. The fund, which holds a 1.14% stake in Tesla, acknowledged Musk's contributions but opposed the plan due to gove...
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Silicon Valley's Top VC Firm Raises $15 Billion
Andreessen Horowitz has raised over $15 billion, bringing its total assets to more than $90 billion and establishing it as a global venture capital leader with a presence on six continents. The new capital is allocated across several specialized funds, including significant investments in growth,...
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OpenAI Seeks $100B Funding at $830B Valuation
OpenAI is negotiating a funding round of up to $100 billion, which could raise its valuation to $830 billion and is targeting a close by the end of Q1 next year. The capital is critical for OpenAI's ambitious AI development plans, covering massive compute costs like AI inferencing, as its scale m...
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Global Self-Driving Car Market to Reach $182B by 2035, GCC Leads with $19B
The global autonomous vehicle market is projected to reach $182 billion by 2035, with the GCC region capturing $19 billion, driven by integrated mobility networks like robo-taxis and passenger drones. Robo-taxis are expected to dominate the GCC market, potentially generating $10 billion, supporte...
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Who Owns TikTok? Key Facts About Its US Operations
TikTok's U.S. operations have been restructured into a new American-owned entity, "TikTok USDS Joint Venture LLC," in response to a 2024 U.S. law mandating separation from its Chinese parent company, ByteDance. ByteDance now holds only a 19.9% stake, with the remaining 80% owned by a consortium o...
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Bahrain Launches $1B AI and Quantum Drug Discovery Program
Bahrain is investing $1 billion in a partnership with SandboxAQ to use AI and quantum computing for faster drug discovery and development. The initiative aims to create biotech assets, address regional diseases like diabetes, and establish Bahrain as a hub for AI-driven pharmaceutical research. T...
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Anthropic Raises $13B Series F at $183B Valuation
Anthropic has raised $13 billion in a Series F funding round, reaching a post-money valuation of $183 billion to support enterprise adoption, safety research, and global expansion. The company's annual recurring revenue surged from $1 billion to $5 billion in 2025, driven by strong API usage and ...
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