Designer Jony Ive and OpenAI’s Sam Altman Discuss AI Hardware ProjectRead more

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startups Finance

Mortgage Firm Better’s Shares Plunge After SPAC Deal

By
Lauren Tara LaCapra
· · Source: The Information

Shares of digital mortgage lender Better Home & Finance tanked 93% on their first day of trading after the company went public via a merger with a special purpose acquisition company. The deal gives Better access to about $565 million of funding for its operations, largely through convertible debt from SoftBank, as it navigates a difficult path for mortgage lenders. Better stock closed...

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Former Apple design chief Jony Ive and OpenAI CEO Sam Altman. Photos by Getty.
Exclusive
Designer Jony Ive and OpenAI’s Sam Altman Discuss AI Hardware Project
By Jessica E. Lessin and Stephanie Palazzolo
Jony Ive, the renowned designer of the iPhone, and OpenAI CEO Sam Altman have been discussing building a new AI hardware device, according to two people familiar with the conversations.
From left to right: Blair Effron, Robert Pruzan and David Handler. Photos by Getty; Tidal Partners.
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OpenAI CEO Sam Altman and Microsoft CEO Satya Nadella. Photos via Getty
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