OpenAI has appointed an executive at investment firm BlackRock to its board of directors. Adebayo “Bayo” Ogunlesi, a senior managing director at BlackRock and CEO of Global Infrastructure Partners, an infrastructure investing platform, has joined OpenAI’s board, OpenAI announced on Tuesday. In a statement, OpenAI board chairman Bret Taylor said that Ogunlesi has “an exceptional […]
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Blackrock has cut the worth of its stake in web hosting provider Automattic by 10%, the asset manager said in its latest quarterly disclosure report. Blackrock, which invested in Automattic during its Series E round in 2021, valued its investment in the WordPress hosting company at $37.5 per share, down from $41.7 per share earlier
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Investors are betting on Indian wealthtech startups as a growing middle class turns to diversify investments and startups challenge traditional financial advisors for high-net-worth clients. Premji Invest is in advanced stages of talks to lead a funding round of $30 million to $40 million in Dezerv, an app offering a suite of investment solutions to
Investors chase wealthtech startups in India as affluent class grows Read More »
BlackRock, an investor in Byju’s, estimates that its stake of Indian edtech giant, once valued at $22 billion, is now worth nothing. The write-down in its estimations, disclosed in an SEC filing, makes Byju’s one of the most spectacular startup slides in recent memory. BlackRock’s disclosure for the period ending March this year follows a
BlackRock has slashed the value of stake in Byju’s, once worth $22 billion, to zero Read More »
