ORGANIZATION

OpenAI valued at $80B after deal: report

OpenAI will reportedly allow employees to cash out their shares in the AI company through a new tender offer that values the company at about $80 billion.

Nike cutting 1,600 jobs to cut costs

Nike is laying off 2% of its corporate workforce to cut costs. The company seeks to invest in priority areas such as running and its Jordan brand, according to CEO John Donahoe.