SoftBank founder Masayoshi Son will join a board overseeing construction of Indonesia’s new capital. Indonesia is embarking on a massive project to build a new capital on the island of Borneo to ease congestion in Jakarta, the old capital that is literally sinking. Bloomberg reported that Abu Dhabi Crown Prince Mohammed Bin Zayed Al Nahyan will chair the panel which will also include former...
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MoonPay Is Trying to Reinvent Itself
In case you missed it, I scooped Tuesday that insiders at MoonPay, including its DJ-turned-CEO Ivan Soto-Wright, sold $150 million worth of shares in a secondary transaction as part of its $555 million November 2021 funding round. And a few weeks after the Series A announcement, Soto-Wright bought a $38 million Miami Beach estate that was previously owned by retired Miami Heat star Chris Bosh....
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How Microsoft Swallowed Its Pride to Make a Massive Bet on OpenAI
Satya Nadella didn’t want to hear it. Last December, Peter Lee, who oversees Microsoft’s sprawling research efforts, was briefing Nadella, Microsoft’s CEO, and his deputies about a series of tests Microsoft had conducted of GPT-4, the then-unreleased new artificial intelligence large-language model built by OpenAI.
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MoonPay CEO, Other Executives Cashed Out Before Crypto Business Dropped
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