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OpenAI “will be a public company in 2027,” if not sooner, Chief Financial Officer Sarah Friar told employees Wednesday (Aug. 19) during an all-hands meeting, CNBC reported, citing unnamed sources. Friar said OpenAI could make its public debut this year if “our business continues to inflect,” Friar said, according to the report. She also told…
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Photo credit: Google Maps The Sixty Beverly Hills The owner of the 118-room Sixty Beverly Hills missed an August maturity date, and the $40M loan secured by the hotel has again moved to special servicing. The loan balance is $37M, according to Morningstar Credit. The loan secured by the hotel has moved to special servicing…
Hyundai Motor Group said in an Aug. 12 press release that artificial intelligence (AI) has cut the time its engineers spend searching for and reviewing historical crash test cases by 90%, a measurable example of how AI can speed up industrial work without replacing the physical processes at its core. The automaker is deploying AI…
UBUD, Indonesia, Aug. 19, 2026 /PRNewswire/ — Nestled within the lush tropical forest of Ubud, The Kayon Resort proudly introduces two new accommodation categories, 4 units of Premier Pool Villa and 2 units of Royal Jacuzzi Pool Villa, expanding its collection of private retreats designed for couples and discerning travelers seeking privacy, romance, and a deeper…
“There is a lot of legal and financial power in my hands.”
Nvidia has discussed participating in a funding round that would value Mercor, a data labeling provider that supplies data that helps the chip designer develop open-source models, at $20 billion, The Information reported Wednesday (Aug. 19), citing unnamed sources. The size of Nvidia’s potential investment and the total funding round could not be learned, according to the report….
Tipton & Coseley Building Society has reduced mortgage rates by up to 0.3% across its expat and limited company buy-to-let (BTL) ranges, while also introducing new fixed rate options for purchase and remortgage customers. The mutual said the changes are aimed at supporting both new landlords and those looking to refinance. Expat rates…
The suit describes two separate intrusions. Around March 2026, it says, unauthorized actors got into Lennar’s computer systems and took files containing that information. Between May 2026 and June 2026, according to the filing, a second group did the same. The suit says Lennar disclosed the incident around August 11, 2026 and posted a public…
The members of the Reserve Bank of India’s (RBI’s) rate setting panel indicated interest rate hikes sooner than later as headline inflation is likely to rise from its benign levels in the coming months, according to the minutes of the August review of the monetary policy committee (MPC). The clearest signal probably…