IBL News

Author: IBL News

  • Jets fly over New York leaving red, white and blue trail

    Jets fly over New York leaving red, white and blue trail


    Jets fly over New York leaving red, white and blue trail

    Source: Youtube

  • OpenAI CEO’s Investments Benefit From Ties to His Company

    OpenAI CEO’s Investments Benefit From Ties to His Company

    IBL News | New York

    Sam Altman, CEO of OpenAI, has improved the performance of his personal investments through the connections his company has made.

    As a result, a growing number of his tech companies have entered into business partnerships with OpenAI.

    Now, ahead of OpenAI’s planned IPO, these investments are receiving scrutiny. Last month, the House Oversight Committee launched a probe into Sam Altman’s potential conflicts.

    In addition, several attorneys general called for a review by the Securities and Exchange Commission.

    The Wall Street Journal identified dozens of his investments and analyzed the impact of some deals on his wealth.

    Sam Altman has roughly 400 active startup investments. Many are in sectors that are closely tied to the AI boom, including software, biotechnology, and energy.

    And at least 10 of the companies Altman has personally invested in also have, or have recently discussed, a business deal with OpenAI, the Wall Street Journal stated.

    • OpenAI entered into research partnerships with at least two biotechnology companies after Altman invested in them. His stake in life-extension startup called Retro Biosciences was worth $258 million as of December.
    • Altman has been an investor in the chip-maker Cerebras for almost a decade. OpenAI recently agreed to buy its chips. The deal helped Cerebras mount a wildly successful IPO, boosting Altman’s stake from December by more than sixfold.
    • One of Altman’s biggest investments is in Helion, a nuclear-fusion startup. He invested $375 million in 2021. His stake in Helion more than doubled to at least $4.1 billion. Altman’s efforts to partner OpenAI with Helion have generated controversy inside the company.

    Chief executives of public companies are typically discouraged by their board of directors from taking large stakes in outside ventures.

  • iCloud Storage Full? Do This First Before Paying Apple

    iCloud Storage Full? Do This First Before Paying Apple


    iCloud Storage Full? Do This First Before Paying Apple

    Source: Youtube

  • Trump visits Mount Rushmore as White House suggests his face should be up there, too

    Trump visits Mount Rushmore as White House suggests his face should be up there, too


    Trump visits Mount Rushmore as White House suggests his face should be up there, too

    Source: Youtube

  • Why Thousands of Cubans Are Migrating to Guyana

    Why Thousands of Cubans Are Migrating to Guyana


    Why Thousands of Cubans Are Migrating to Guyana

    Source: Youtube

  • Inside Iran funeral for former leader: new Supreme Leader absent

    Inside Iran funeral for former leader: new Supreme Leader absent


    Inside Iran funeral for former leader: new Supreme Leader absent

    Source: Youtube

  • Salesforce to Acquire the AI Customer Service Platform Fin (Intercom) for $3.6 Billion

    Salesforce to Acquire the AI Customer Service Platform Fin (Intercom) for $3.6 Billion

    IBL News | New York

    Salesforce said it’s acquiring the AI customer service platform Fin, formerly known as Intercom, for $3.6 billion.

    The deal, expected to close in the fourth quarter of the company’s fiscal year 2027, will result in the integration of Fin, with its 30,000 business customers, into the Salesforce Agentforce portfolio.

    Powered by its proprietary AI model, Apex, Fin’s AI Agent autonomously manages customer support queries across chat, email, phone, SMS, WhatsApp, and Slack.

    Salesforce CEO Marc Benioff in a release.

    Like many software-as-a-service companies, Salesforce is grappling with concerns that new AI tools will render its business model obsolete. The company’s shares have shed more than a third of their value in 2026.

    At the same time, the rise of agentic AI is heightening competition and forcing companies to beef up and invest in more autonomous tech for customers.

    Fin CEO Eoghan McCabe, who has publicly endorsed President Donald Trump and posted photos, started Intercom in 2011 with Des Traynor, Ciaran Lee, and David Barrett.

    In its three-decade history, Salesforce has made several multibillion-dollar acquisitions. Its largest was in 2021, the purchase of Slack for $27 billion.

     

  • I Tried a $4,500 Robotic Exoskeleton and It Gave Me Super Ankles

    I Tried a $4,500 Robotic Exoskeleton and It Gave Me Super Ankles


    I Tried a $4,500 Robotic Exoskeleton and It Gave Me Super Ankles

    Source: Youtube

  • Trump Flies on New Air Force One Jet Gifted by Qatar

    Trump Flies on New Air Force One Jet Gifted by Qatar


    Trump Flies on New Air Force One Jet Gifted by Qatar

    Source: Youtube

  • Russian ex-official on Putin’s (un)popularity at home: ‘Something is brewing’

    Russian ex-official on Putin’s (un)popularity at home: ‘Something is brewing’


    Russian ex-official on Putin's (un)popularity at home: 'Something is brewing'

    Source: Youtube