US sanctions billionaire founder of Georgia Dream party newsthirst.

The US has imposed sanctions on Georgia’s former prime minister and billionaire founder of the Georgian Dream party, Bidzina Ivanishvili. US Secretary of State Antony Blinken said Ivanishvili and his party had “derailed Georgia’s Euro-Atlantic future”, leaving it vulnerable to Russia. Ivanishvilli is not an elected official but he has been described as the “honorary…

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OpenAI needs ‘more capital than we’d imagined,’ moves to for-profit newsthirst.

OpenAI said Friday that in moving toward a new for-profit structure in 2025, the company will create a public benefit corporation to oversee commercial operations, removing some of its nonprofit restrictions and allowing it to function more like a high-growth startup. “The hundreds of billions of dollars that major companies are now investing into AI…

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