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Sebastian Kurz once worked out of Austria’s chancellery on Vienna’s Ballhausplatz, an imposing government building that resembles a Baroque palace. Today, he welcomes visitors to a sleek glass office tower that blends seamlessly into Tel Aviv’s skyline.The contrast between the two workplaces couldn’t be greater. What hasn’t changed is Kurz’s…
Pizza Hut is getting a new owner after years of weak sales and growing questions about the future of one of America’s best-known pizza brands.Yum! Brands said Tuesday it entered into agreements to sell Pizza Hut for $2.7 billion, splitting the business between two buyers. LongRange Capital, a private equity…
Microsoft was recently in talks with Oracle about leasing the company’s cloud infrastructure, but the deal fell through due to security and compliance concerns, according to people familiar with the matter. One of the people said that the deal could have been worth more than $3 billion.The failed talks highlight…
Rupert Murdoch chased the TV Guide of the Future for years. He spent billions trying to build an on-screen map for digital television before giving up.Now his son Lachlan looks like he’s making it happen by buying Roku in a $22 billion deal.On paper, Lachlan’s transaction seems like the thing…
The cybersecurity startup Tanium, which was last valued at $9 billion, recently underwent a leadership reshuffle after losing five top executives.Tanium, based in the Seattle area, was founded in 2007 and has stayed private since then. It has raised nearly $1 billion, according to PitchBook, and is backed by investors…
Warren Buffett’s Berkshire Hathaway seems to finally be loosening the purse strings now that the legendary investor isn’t calling the shots.Berkshire, now run by Greg Abel, has agreed to buy $10 billion of Alphabet stock in a private placement, Google’s parent company said on Monday.Buffett’s conglomerate — which owns Geico,…
Amazon’s investment in Anthropic has become one of the most lucrative bets in the cloud giant’s history.Amazon’s original $8 billion investment in the AI startup has swelled into a stake worth roughly $74 billion on paper as Anthropic’s valuation has soared, according to a quarterly filing from late April.In the…
Allison and Stephen Ellsworth built Poppi from nothing and sold it to PepsiCo for just under $2 billion last year.They told Business Insider this week about the risks they took and sacrifices they made along the way, and shared how they’re stopping their newfound wealth from spoiling their children.Starting from…
OpenAI is upping its aggressive push into the enterprise market. Loading audio narration… On Monday, OpenAI announced the creation of stand-alone company, OpenAI Deployment Company, that it said is “designed to help organizations build and deploy AI systems.”OpenAI and 19 other companies, including Goldman Sachs, Brookfield, and Bain Capital, partnered…
Wall Street and Silicon Valley are betting that generative AI will kick off an Industrial Revolution-sized paradigm shift. And who do business leaders call when they need to make a change? Loading audio narration… Consultants.Anthropic is teaming up with some of Wall Street’s biggest investors for a $1.5 billion joint…
