The round was led by existing backer SoftBank, with significant participation from Microsoft (which has already committed over $13 billion in cumulative investment), Thrive Capital, and a roster of sovereign wealth funds and institutional investors. According to reporting from the Financial Times, the deal includes a provision requiring OpenAI to complete its transition from a capped-profit structure to a full for-profit corporation by a set deadline, or face consequences including returning some of the capital raised.
Hard Rock Hotel & Casino Atlantic City has recently announced an impressive $50 million capital investment plan for 2026, reinforcing its commitment to providing exceptional guest experiences and enhancing its offerings. This significant investment not only aims to renovate existing facilities but also to expand the culinary landscape, making it a vital player in Atlantic City's revitalization. The centerpiece of this investment is the renovation of over 700 standard guest rooms, 60 suites, and eight penthouses in the hotel's North Tower.
As a result, GDP with grow at a robust rate of 2.5% in both 2026 and 2027, even after accounting for a weaker job market that will slow consumption. "With core inflation remaining above the 2% target for some considerable time, we think the Fed will cut its policy rate by only 25bp in 2026, putting the new Fed Chair and President Trump at loggerheads almost immediately," Capital Economics predicted.
When Oracle failed to meet revenue expectations and suggested that large-scale data centers may not be ready until 2028, it immediately chilled sentiment across the entire sector. On the same day the Dow pushed to new highs, the Nasdaq was hit hard, with anything even loosely tied to AI selling off aggressively. That divergence told us the market was reassessing the timeline, not the technology.
From day one, our administration's North Star has been public safety. We have gone to work to sweep out crime and illegal activities from our neighborhoods, and because of this work, we are currently in our eighth consecutive quarter of crime reductions. That means for almost two straight years since January 2024 crime has consistently declined each quarter in New York City. But public safety is about more than just policing. To make sure our communities feel safe and are safe, we must make smart, upstream investments that prevent crime in the first place. We must invest in our young people and provide them with safe places away from gun violence. Places to just be kids, and to play and build trust with law enforcement.
Target will direct about $5 billion toward new and remodeled stores, experience upgrades, and technology and digital fulfillment, with leadership emphasizing larger-format boxes that are outperforming initial plans and store-floor changes designed to accelerate "merchandising authority" and discovery. The push includes AI to speed product development and marketing, synthetic audiences to test campaigns, and a ChatGPT-powered beta to simplify multi-item purchases, part of a broader effort to reawaken the "Tarzhay" brand while tightening execution.
Meta Platforms is investing hundreds of billions of dollars into artificial intelligence to build superclusters. These AI data centers aim to enhance Meta’s competitiveness against giants like OpenAI and Google.
This has been a period of rapid yet sustainable growth for the bank as we continue to tap significant demand for our fast, flexible financing solutions.