BROCKMAN'S OPENAI STAKE VALUED AT $30B
OpenAI President Greg Brockman's stake in the company is now worth nearly $30 billion, according to his own valuation. The figure positions him among the largest individual shareholders in the ChatGPT maker.
■ MORE FROM THE BIG TECH DESK
ServiceNow projects $30 billion in subscription revenue by 2030, driven by momentum in its artificial intelligence product portfolio. The cloud software company sees AI as a primary engine for scaling its business.
Investment and tech firm Long Lake will acquire American Express Global Business Travel (Amex GBT) for $6.3 billion. The deal centers on leveraging artificial intelligence to transform corporate travel operations.
Amazon is leveraging its massive logistics infrastructure to compete directly with FedEx, UPS, and DHL by offering shipping and fulfillment services to external companies through its new Amazon Supply Chain Services (ASCS).
Elon Musk has agreed to settle a Securities and Exchange Commission lawsuit over his 2022 Twitter acquisition for what regulators describe as a bargain. The SEC had alleged Musk failed to disclose his purchase of over $500 million in Twitter stock on time, causing investors at least $150 million in losses.