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Athletics hire investment banker to secure $500 million in private financing
The Oakland Athletics have taken another significant step toward Nevada, retaining a major player in sports finance to broker a deal intended to provide team owner John Fisher with $500 million toward a new ballpark on the Las Vegas Strip. Nevada legislators last June approved $380 million in public funding toward the estimated $1.5-billion cost of the ballpark, with the A’s responsible for the balance, but access to the public money requires disclosure of a financing plan for the balance of the...
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Israeli cyber startup Apex gets initial investment from OpenAI's Sam Altman
Israeli cyber security start-up Apex, which focuses on protecting the rapid use of artificial intelligence (AI) tools, said on Thursday it received an undisclosed investment from OpenAI Chief Executive Sam Altman. In all, Apex raised $7 million in a seed funding round led by Sequoia Capital and Index Ventures, with participation from Altman and others, it said. Altman did not immediately comment. Apex said it had been running trials with a number of Fortune 500 companies and investment firms and...