JPMorgan Chase is expected to take the role of lead banker in WeWork’s upcoming IPO, edging out other banks working on the offering such as Goldman Sachs and UBS, Bloomberg reports. It’s a significant reward—resulting in big fees and, potentially, prestige if the IPO goes well—that’s likely in part a result of the amount of credit JPMorgan has given WeWork over the years. It’s notable that...
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OpenAI’s Hidden Weapon: Ex-Google Engineers
As OpenAI’s web chatbot became a global sensation in recent months, artificial intelligence practitioners and investors have wondered how a seven-year-old startup beat Google to the punch. Google runs two of the world’s foremost AI research groups, yet a startup quickly developed a product, ChatGPT, that tens of millions of people have already used and that Google’s leaders...
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