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The startup develops foundation models designed to help companies make more accurate business predictions, according to sources familiar with the deal.

(Bloomberg) -- Powerlaw Corp., a closed-end fund that owns stakes in Elon Musk’s SpaceX and artificial intelligence firm OpenAI, traded well above the value of its underlying investments in its debut on Wednesday, capitalizing on retail investors’ clamor for exposure to the hottest private tech companies.Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Deta

Investing.com -- Food delivery giant Uber Technologies is pursuing a takeover of Delivery Hero in a deal that could reshape the global delivery industry, analysts said.