February 24, 2025

OpenAI

Nadella's FY24 pay rises 63% to $79 million

Nadella’s FY24 pay rises 63% to $79 million

Awi01 mins

Microsoft CEO Satya Nadella’s FY24 compensation surged 63% to $79.1 million, according to a filing on Thursday, helped by his stock awards in a year when the tech behemoth’s market value breached $3 trillion.Stock awards for Nadella, who earned $48.5 million in 2023, climbed to about $71 million from $39 million a year earlier. Microsoft’s…

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OpenAI raises $6.6 billion in funds at $157 billion value

OpenAI raises $6.6 billion in funds at $157 billion value

Awi09 mins

The huge valuation for OpenAI has transfixed Silicon Valley. OpenAI has completed a deal to raise $6.6 billion in new funding, giving the artificial intelligence company a $157 billion valuation and bolstering its efforts to build the world’s leading generative AI technology. The funding round was led by Thrive Capital, the venture capital firm headed…

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