Finance

Just a day after dethroning SpaceX as the most valuable private company in the world, OpenAI has acquired another startup.

Tesla launched its own auto insurance options for California customers back in 2019, but it may soon lose its authorization to do just that.

OpenAI has overtaken SpaceX as the largest startup and most valuable private company in the world. Bloomberg has reported that the company has authorized a secondary share sale, which allowed its former and current employees to sell their stocks.

Spotify founder and CEO Daniel Ek will be transitioning to the role of executive chairman on January 1 of next year. The current Co-President and Chief Product and Technology Officer Gustav Söderström and Co-President and Chief Business Officer Alex Norström will take his place as co-CEOs.

Beleaguered video game giant Electronic Arts has agreed to a $55 billion acquisition that will take the company private.

Electronic Arts is close to reaching a $50 billion deal that will turn it into a privately held company, according to

Doug Bowser, Nintendo of America's President and Chief Operating Officer, is stepping down on December 31, 2025, according to Nintendo.

President Donald Trump has signed an executive order finalizing some of the terms of a deal to bring TikTok's US business under American control. The new TikTok entity will be owned by a group of US-based investors, while ByteDance will maintain a smaller stake in the new company and keep the app's algorithm.

Intel is selling off its majority share in chip-maker Altera as part of its new CEO's first steps toward stabilizing the company. The 51 percent stake sold today for $4.46 billion in a deal that is expected to close in the second half of this year.

Lucid Motors has announced that it's acquiring certain facilities in Arizona owned by Nikola, an EV truck maker that filed for Chapter 11 bankruptcy protection back in February.