Category: 40bn
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OpenAI nears record-breaking $40bn funding deal as valuation doubles
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Openai, the ChatGPT maker, conducted in discussions to raise approximately $ 40 billion in new financing – doubling its evaluation at an altitude of $ 340 billion, according to reports. The value of the company, which is based in San Francisco, reached $ 157 billion in October, when it received…
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Record £40bn tax hike set to slow UK economic growth, warns OBR
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Chancellor Rachel Reeves introduced a record £40bn tax rise in her first Budget, which the Office for Budget Responsibility (OBR) warns could stifle economic growth in the long term. According to the Office for Budget Responsibility, the UK economy will expand by just over 1% this year, peaking at 2%…
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£40bn tax hike through NIC and Capital Gains Tax leaves businesses on edge
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In her first Budget, Chancellor Rachel Reeves introduced £40bn in tax rises, largely focused on increasing National Insurance contributions for employers and implementing a temporary repatriation facility for non-resident individuals. According to Nimesh Shah, CEO of Blake Rotenberg, while pre-Budget rumors pointed to sweeping tax changes, the actual announcements were…