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2 months ago | 
news.bloomberglaw.com | Alexandra Levine |Sarah McBride
As TikTok fights to keep its popular video app available in the US, investors in parent company ByteDance Ltd. are being forced to re-evaluate financial prospects for a business valued at more than $300 billion as recently as late last year. Some of these American shareholders argue that, while a ban will take a near-term toll on their stakes, ByteDance’s China business is the real driving force behind the lofty valuation and an eventual payday.
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2 months ago | 
news.bloomberglaw.com | Dana Hull |Sarah McBride |Kurt Wagner
Elon Musk’s Department of Government Efficiency has vowed to stop wasteful spending in Washington and slash the federal workforce under President Donald Trump. Musk is keen to “delete” entire US agencies, much in the way he likes to delete parts and processes at Tesla, SpaceX and the other four companies he runs.
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Jan 24, 2025 | 
news.bloomberglaw.com | Brody Ford |Shirin Ghaffary |Sarah McBride
In a small Texas city nearly 200 miles west of Dallas, the first data center associated with the $100 billion Stargate venture from OpenAI, SoftBank Group Corp. and Oracle Corp. is taking shape. About 875 acres in Abilene, or roughly the size of New York’s Central Park, have been set aside to construct data centers, according to city documents seen by Bloomberg News.
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Jan 23, 2025 | 
news.bloomberglaw.com | Brody Ford |Shirin Ghaffary |Sarah McBride
In a small Texas city nearly 200 miles west of Dallas, the first data center associated with the $100 billion Stargate venture from OpenAI, SoftBank Group Corp. and Oracle Corp. is taking shape. About 875 acres in Abilene, or roughly the size of New York’s Central Park, have been set aside to construct data centers, according to city documents seen by Bloomberg News.
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Jan 15, 2025 | 
independent.ie | Sarah McBride
Colossal Biosciences is using DNA and genomics to try to resurrect the dodo, Tasmanian tiger and the woolly mammoth. Co-founder and chief executive officer Ben Lamm says the company is on track to produce a woolly mammoth calf born to a surrogate elephant mother by late 2028. The Dallas-based firm said it raised the new funding round from one investor, TWG Global, bringing its total cash raised to $435m.
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Jan 15, 2025 | 
bostonglobe.com | Sarah McBride
A biotechnology startup working to bring back animals from extinction has raised $200 million at a valuation of $10.2 billion, more than six times its valuation just two years ago. Colossal Biosciences Inc. is using DNA and genomics to try to resurrect the dodo, Tasmanian tiger, and the woolly mammoth. Co-founder and Chief Executive Officer Ben Lamm says the company is on track to produce a woolly mammoth calf born to a surrogate elephant mother by late 2028.
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Jan 15, 2025 | 
news.bloomberglaw.com | Sarah McBride
A biotechnology startup working to bring back animals from extinction has raised $200 million at a valuation of $10.2 billion, more than six times its valuation just two years ago. Colossal Biosciences Inc. is using DNA and genomics to try to resurrect the dodo, Tasmanian tiger and the woolly mammoth. Co-founder and Chief Executive Officer Ben Lamm says the company is on track to produce a woolly mammoth calf born to a surrogate elephant mother by late 2028.
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Jan 10, 2025 | 
news.bloombergtax.com | Sarah McBride
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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Jan 10, 2025 | 
news.bloomberglaw.com | Sarah McBride
Neuralink Corp.’s brain-computer device has been implanted in a third patient and the company has plans for about 20 to 30 more implants in 2025, founder Elon Musk said. “We’ve got now three humans with Neuralinks implanted and they’re all working well,” Musk said during an event in Las Vegas this week that was streamed on X, his social media service.
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Dec 7, 2024 | 
news.bloombergtax.com | Sarah McBride |Emily Nicolle
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
