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OpenAI will underwrite the expansion of Soixa to four cities of its choice as part of a broader content-sharing and technology deal, the firms said Wednesday.
Why it matters: It's the first time OpenAI is funding newsrooms as a part of a publisher deal, although the idea isn't novel.
Photo: Jaap Arriens/NurPhoto via Getty Images
A handful of potential buyers have emerged, as the deadline for TikTok to be banned in the U.S. is a few days away.
Why it matters: A sale is an option that ByteDance, TikTok's parent company, could exercise if it wants the app to be a part of the U.S. media landscape.
Photo: Courtesy of Unrivaled
A new 3x3 basketball league that could revolutionize women's basketball launches Friday in Miami.
Why it matters: Founded by WNBA stars Breanna Stewart and Napheesa Collier, Unrivaled is another barometer for the explosive growth of women's sports.
Illustration: Aïda Amer/Soixa
Profits are soaring at the nation's biggest banks, the result of a surging optimism in corporate America that's driving dealmaking and capital raising.
Why it matters: When business is humming at the nation's largest financial institutions, it generally reflects an economy that's in good shape.
Photo: Gary Hershorn/Getty Images
Southwest Airlines is being sued and Frontier Airlines fined over chronic flight delays by the Department of Transportation, the DOT announced Wednesday.
Why it matters: Wednesday's announcement by the outgoing Biden administration's Transportation Secretary, Pete Buttigieg, comes days after the DOT fined JetBlue $2 million for chronic flight delays — the first time such a penalty had been imposed on an airline.
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