Shocking No One, Fidji Simo, Would-Be Usurper, Is Out at OpenAI

Berber Jin and Anissa Gardizy, reporting for The Wall Street Journal (gift link): Fidji Simo, OpenAI’s No. 2 executive, plans to step down from her full-time role after an extended medical leave. … [+1968 chars]

Nvidia-Backed Startup Nscale Locks in $900 Million for Data-Center Buildout

An Nscale data center in Glomfjord, Norway. The latest funds follow after it secured money to build in Norway. - Company Supplied Image. Nscale Global Holdings said it had secured a $900 million lin… [+2192 chars]

Blue Owl Investors Ask to Withdraw $4.7 Billion From Flagship Funds

Blue Owl has become a closely watched barometer for the health of private credit. - Michael Nagle/Bloomberg News Investors in two of Blue Owl Capital's flagship private-credit funds asked the firm t… [+2115 chars]

Nasdaq Opens Lower, Warsh Dodges Questions on July Rate Decision

- Brendan Mcdermid/Reuters Investors are digesting comments by Fed Chairman Kevin Warsh for clues about the path of interest rates. Warsh dodged questions about whether an interest-rate hike is in … [+1061 chars]

Inside the Egg Price-Fixing Scandal That Spiked American Grocery Bills

On Dec. 19, 2022, executives from Americas three biggest egg producers got on a call. The subject: how to keep the price of eggs high.  With Christmas a few days away, the chief executive of Arizona… [+230 chars]

Inflation in Eurozone’s Biggest Economies Cools More Than Expected

The easing of inflation in France was driven by a sharp slowdown in energy prices, the French statistics agency said. - Tom Nicholson/Reuters Inflation in Germany, France and Italy cooled more than … [+3396 chars]