Local crime, high school sports, county politics, events tonight, and business closings — the daily Coastal NC report from News Outer Banks.
Events
HATTERAS VILLAGE, N.C. — Runners and walkers will again fill the streets of Hatteras Village on Thanksgiving morning for the Surfin Turkey road race that helps fund Hatteras Island classrooms. Now in its 15th year, the event is staged by the Hatteras Island Youth Education Fund, which uses race proceeds…
From Merger Monday
A month ago the debate over the two leading AI labs was whether they were worth $1.5 trillion or $2 trillion. This week the debate moved lower. OpenAI closed $11 billion at a $1.25 trillion valuation, below the price it first sought and far short of the $30 billion it…
From Merger Monday
OpenAI closed on $11 billion of new funding, the first piece of a round that values the artificial-intelligence company at $1.25 trillion, according to people familiar with the matter, as investors grow more selective about the prices they will pay for AI developers. The initial close covers a little more than…
From Merger Monday
A joint venture of PGIM, Stiles Corp. and Hensler Development refinanced Peabody Union, a new mixed-use tower in downtown Nashville, Tenn., with a $310 million bridge loan from Blackstone’s real-estate debt business. Blackstone Real Estate Debt Strategies provided the loan, which has a three-year term and two one-year extension options. A…
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