#investment

Today, Microsoft Corporation announced the third stage of a long-term partnership with OpenAI, the company behind ChatGPT. The total investment is 10 billion dollars. ChatGPT is an artificial intelligence chat that is rumored to be able to replace professional writers and do homework for students. Now we are waiting for ChatGPT to replace the woeful market traders

One of America's largest hedge funds, Elliott Management, has made a multibillion-dollar investment in software giant Salesforce. "We look forward to working constructively with Salesforce to realize the value befitting a company of its stature," said Elliott Managing Partner Jesse Cohn, who has previously served on the boards of such companies as Citrix, eBay Inc., and Twitter. Last year, Salesforce announced the launch of its NFT Cloud platform. In 2019, the developer marketed its own blockchain development tool.

Genesis filed for Chapter 11 bankruptcy protection on Thursday. Now the major creditors started to become known and ready to comment. - The Gemini Exchange is the bankrupt's largest creditor. Its losses total more than $750 million. - Investment fund Mirana. Genesis owes the fund (which invested in platforms like Bybit and BitDAO) $151.5 million. - Decentraland. According to its representatives, it had a credit against Genesis of $7.8 million. - Stellar Blockchain has a claim for $13 million against the bankrupt company. - Coincident Cap confirmed that Genesis has $110 million in debt to them. All the creditors claim that Genesis' troubled liabilities won't affect their current operations and that any potential losses will be covered. However, they don't specify at whose expense. Genesis owes a total of $3.4 billion to its creditors.

Cryptocurrency-focused media company CoinDesk Inc. is exploring options for a partial or complete sale of the outlet. CoinDesk has hired experts from the independent investment bank Lazard Ltd. to study the matter. "My goal in hiring Lazard is to explore various options to attract growth capital to the CoinDesk business, which may include a partial or full sale," CEO Kevin Worth told Reuters. According to Worth, they received many indications of interest in the business from potential buyers.