Friday, March 15, 2024

In one of the most notable developments under its new CEO Richard Teng, Binance spun out Binance Labs, its $10B venture capital arm, earlier this year (Ryan Weeks/Bloomberg)

Ryan Weeks / Bloomberg:
In one of the most notable developments under its new CEO Richard Teng, Binance spun out Binance Labs, its $10B venture capital arm, earlier this year  —  - Investment arm is now independent from the trading platform  — Industry is monitoring for changes at Binance under CEO Teng



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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...