(Reuters) -OpenAI, the company behind ChatGPT, has reached a valuation of $500 billion following a deal in which current and former employees sold roughly $6.6 billion worth of shares, a source familiar with the matter told Reuters on Thursday. (Reporting by Krystal Hu and Anusha Shah in Bengaluru; Editing by Harikrishnan Nair)
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(Reuters) -OpenAI, the company behind ChatGPT, has reached a valuation of $500 billion following a deal in which current and former employees sold roughly $6.6 billion worth of shares, a source familiar with the matter told Reuters on Thursday. (Reporting by Krystal Hu and Anusha Shah in Bengaluru; Editing by Harikrishnan Nair)
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
Oct 2 (Reuters) – OpenAI, the company behind ChatGPT, has reached a valuation of $500 billion following a deal in which current and former employees sold roughly $6.6 billion worth of shares, a source familiar with the matter told Reuters on Thursday. (Reporting by Krystal Hu and Anusha Shah in Bengaluru; Editing by Harikrishnan Nair)
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VIDEO SHOWS: HIGHLIGHTS FROM GAME TWO OF THE AMERICAN LEAGUE WILD CARD SERIES BETWEEN THE NEW YORK YANKEES AND THE BOSTON RED SOX COMPLETE SHOTLIST TO FOLLOW SHOWS: NEW YORK, NEW YORK, UNITED STATES (OCTOBER 1, 2025) (MLB – See restrictions) STORY: Austin Wells delivered a tiebreaking single with two outs in the eighth inning, lifting the New York Yankees to a 4-3 victory over the Boston Red Sox in Game 2 of their American League wild-card series on Wednesday (October 1). The Yankees avoided elimination and forced a decisive game three, set for Thursday in New York, with the winner advancing to face the top-seeded Toronto Blue Jays in the AL Division Series on Saturday. Boston reliever Garrett Whitlock allowed the pivotal hit after walking Jazz Chisholm Jr. with two outs in the eighth. Wells connected on a full-count changeup, sending the ball down the right-field line, allowing Chisholm to score from first base with a headfirst slide just ahead of the throw from right fielder Nate Eaton. New York's Ben Rice opened the scoring with a two-run homer in the first inning off Boston starter Brayan Bello and added another hit in his postseason debut. Aaron Judge extended the Yankees' lead with an RBI single in the fifth. Boston's Trevor Story drove in all three runs for the Red Sox, including a two-run single in the third and a game-tying solo homer in the sixth. Yankees starter Carlos Rodon allowed three runs on four hits over six-plus innings, striking out six and walking three. The New York bullpen shut down Boston over the final three innings, highlighted by Fernando Cruz escaping a bases-loaded jam in the seventh and Devin Williams initiating a key double play in the eighth. David Bednar struck out two in the ninth to earn his first career postseason save. Boston's pitching staff struggled, with Bello lasting just 2 1/3 innings, allowing two runs on four hits before being pulled. Six relievers combined to cover the remaining innings, but the Yankees capitalized on the early pitching turnover. (Production: Suramya Kaushik) More MLB content is available on Reuters Connect here: https://www.reutersconnect.com/all?sources=mlbimagen
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HONG KONG (Reuters) -Alibaba's mapping app Amap recorded more than 360 million daily active users on the first day of China's eight-day National Day holiday on Wednesday, setting an all-time high for the platform, the company said in a statement. Alibaba and rival Meituan have been locked in a bitter battle for market share, with Amap moving away from its traditional focus on navigation and encroaching on Meituan's local-lifestyle territory by launching its own ranking of restaurants, hotels and tourist destinations. In Thursday trade in Hong Kong, index heavyweight Alibaba jumped 4% after JPMorgan raised the tech giant's target share price to HK$240 ($30.85) from a previous HK$165. Coinciding with the traditional Mid-Autumn Festival, the National Day holiday this year has been extended from one week to eight days, fuelling a surge in travel. The holiday period, which ends this year on October 8, is traditionally one of the busiest in China. In September, Amap announced a new function known as "Street Stars," which uses artificial intelligence algorithms to rank destinations for its daily active users. The app was offering users 1 billion yuan ($140.43 million) in subsidies for coupons for ride-hailing or in-store services as part of the new service's launch. Chinese consumers have long relied on apps such as Meituan's Dazhong Dianping to research restaurant recommendations, make bookings and more. China's national railway recorded 23.13 million trips on the first day of the National Day holiday, up nearly 8% from a year earlier and setting a single-day record, state media CCTV reported. ($1 = 7.7800 Hong Kong dollars) (Reporting by Anne Marie Roantree; Editing by Kate Mayberry)
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
HONG KONG (Reuters) -Alibaba's mapping app Amap recorded more than 360 million daily active users on the first day of China's eight-day National Day holiday on Wednesday, setting an all-time high for the platform, the company said in a statement. Alibaba and rival Meituan have been locked in a bitter battle for market share, with Amap moving away from its traditional focus on navigation and encroaching on Meituan's local-lifestyle territory by launching its own ranking of restaurants, hotels and tourist destinations. In Thursday trade in Hong Kong, index heavyweight Alibaba jumped 4% after JPMorgan raised the tech giant's target share price to HK$240 ($30.85) from a previous HK$165. Coinciding with the traditional Mid-Autumn Festival, the National Day holiday this year has been extended from one week to eight days, fuelling a surge in travel. The holiday period, which ends this year on October 8, is traditionally one of the busiest in China. In September, Amap announced a new function known as "Street Stars," which uses artificial intelligence algorithms to rank destinations for its daily active users. The app was offering users 1 billion yuan ($140.43 million) in subsidies for coupons for ride-hailing or in-store services as part of the new service's launch. Chinese consumers have long relied on apps such as Meituan's Dazhong Dianping to research restaurant recommendations, make bookings and more. China's national railway recorded 23.13 million trips on the first day of the National Day holiday, up nearly 8% from a year earlier and setting a single-day record, state media CCTV reported. ($1 = 7.7800 Hong Kong dollars) (Reporting by Anne Marie Roantree; Editing by Kate Mayberry)
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(Reuters) -Universal Music and Warner Music are nearing landmark artificial intelligence licensing deals, the Financial Times reported on Thursday, citing people familiar with the matter. Universal and Warner could each strike deals with AI companies within weeks, the newspaper said. Reuters could not immediately confirm the report. (Reporting by Nilutpal Timsina in Bengaluru; Editing by Janane Venkatraman)
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HANOI, Oct 2 (Reuters) – The death toll in Vietnam from Typhoon Bualoi and the floods it triggered has risen to 36, according to a Thursday report from the government's disaster management agency. Bualoi made landfall on Monday in northern central Vietnam, bringing huge sea swells, strong winds and heavy rains that also left 21 people missing and injured 147 others, according to the report. The agency also raised its estimate of property damage caused by the typhoon and its flooding to 11.5 trillion dong ($435.80 million), up from $303 million in a previous report released on Wednesday. The typhoon severely damaged roads, schools and offices, and caused power grid failures that left tens of thousands of families without electricity, the report said. More than 210,000 houses were damaged or inundated, and more than 51,000 hectares of rice and other crops were destroyed, it said. ($1 = 26,388 dong) (Reporting by Khanh Vu; Editing by David Stanway)
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VIDEO SHOWS: HIGHLIGHTS FROM GAME TWO OF THE AMERICAN LEAGUE WILD CARD SERIES BETWEEN THE NEW YORK YANKEES AND THE BOSTON RED SOX COMPLETE SHOTLIST TO FOLLOW SHOWS: NEW YORK, NEW YORK, UNITED STATES (OCTOBER 1, 2025) (MLB – See restrictions) STORY: Austin Wells delivered a tiebreaking single with two outs in the eighth inning, lifting the New York Yankees to a 4-3 victory over the Boston Red Sox in Game 2 of their American League wild-card series on Wednesday (October 1). The Yankees avoided elimination and forced a decisive game three, set for Thursday in New York, with the winner advancing to face the top-seeded Toronto Blue Jays in the AL Division Series on Saturday. Boston reliever Garrett Whitlock allowed the pivotal hit after walking Jazz Chisholm Jr. with two outs in the eighth. Wells connected on a full-count changeup, sending the ball down the right-field line, allowing Chisholm to score from first base with a headfirst slide just ahead of the throw from right fielder Nate Eaton. New York's Ben Rice opened the scoring with a two-run homer in the first inning off Boston starter Brayan Bello and added another hit in his postseason debut. Aaron Judge extended the Yankees' lead with an RBI single in the fifth. Boston's Trevor Story drove in all three runs for the Red Sox, including a two-run single in the third and a game-tying solo homer in the sixth. Yankees starter Carlos Rodon allowed three runs on four hits over six-plus innings, striking out six and walking three. The New York bullpen shut down Boston over the final three innings, highlighted by Fernando Cruz escaping a bases-loaded jam in the seventh and Devin Williams initiating a key double play in the eighth. David Bednar struck out two in the ninth to earn his first career postseason save. Boston's pitching staff struggled, with Bello lasting just 2 1/3 innings, allowing two runs on four hits before being pulled. Six relievers combined to cover the remaining innings, but the Yankees capitalized on the early pitching turnover. (Production: Suramya Kaushik) More MLB content is available on Reuters Connect here: https://www.reutersconnect.com/all?sources=mlbimagen
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By Leah Douglas, P.J. Huffstutter and Julie Ingwersen WASHINGTON (Reuters) -The U.S. federal government shutdown that began Wednesday will halt some payments to farmers and delay access to federal farm loans, the latest blow for producers already facing low crop prices, record-high debts and a trade war at the height of the fall harvest. The shutdown began at midnight after Republican and Democratic lawmakers could not agree on a plan to fund federal government operations. It will last until one party gets enough votes for its funding plan. On Wednesday, the scope of the shutdown's potential impact to U.S. farmers was beginning to emerge. Even short interruptions in payments could deepen farmers' economic turmoil. "It costs money to run those combines," said Chad Hart, agricultural economist with Iowa State University. During shutdowns, significant numbers of federal employees are furloughed and many operations temporarily stop. The U.S. Department of Agriculture furloughed about half of its 85,907-person staff, according to agency shutdown plans posted on its website. The plans show the USDA will continue some operations deemed mission-critical, like administration of nutrition programs and food inspections. But much of its other work will cease, such as processing of farm loans and making payments to farmers, including billions of dollars in disaster aid contained in President Donald Trump's tax-cut and spending bill. Tim Wells, who raises sheep in Paragould, Arkansas, was planning to apply this month for disaster aid for losses from recent weather events, but new applications are not being accepted during the shutdown. He also worries about payment delays for a USDA conservation project that he installed as a contractor. "The way the farm economy’s been, nobody needs to wait because it takes so much just to operate," he said. The Trump administration and the USDA have blamed the shutdown on Democrats. Agriculture Secretary Brooke Rollins posted on social media: "billions in disaster aid blocked from reaching farmers." Democrats have said Republicans are to blame because they control both chambers of Congress and the White House.TRADE WAR, LOW PRICES Farmers have significant economic concerns this autumn. Trump's trade war with China has prompted the world's top soybean buyer to shun U.S. shipments for rival Brazil. Record-high corn harvests are expected to drive down prices, and the costs of farming necessities like seeds and fertilizer are surging. Now, the USDA has stopped issuing weather-related disaster payments, accepting and processing farm loans, providing technical assistance for conservation programs and swaths of other agency work, the agency shutdown plan said. It will also not process annual commodity and land conservation payments, typically issued by or in October, or advance money for loans the agency has already approved, according to the plan. The USDA was in the process of issuing the last round of payments to farmers from the $10 billion Emergency Commodity Assistance Program, a one-time economic assistance payment to some commodity farmers, in the days before the shutdown. Four farmers told Reuters they had received payments on Tuesday night, and while the amount of money was small in some cases, it would aid them through the shutdown. The timing of this shutdown is particularly disruptive because farmers often rely on USDA loans to pay for machinery, fertilizer and other expenses during harvest season, said economist Hart. Farmers planning for next year's growing season could also hit roadblocks, said Zach Ducheneaux, administrator of the USDA's Farm Service Agency under the Biden administration. "If you're trying to buy land with an FSA (Farm Service Agency) loan, you could have that opportunity disappear," Ducheneaux said. (Reporting by Leah Douglas in Washington and P.J. Huffstutter and Julie Ingwersen in Chicago. Editing by Emily Schmall and David Gregorio)
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