Local crime, high school sports, county politics, events tonight, and business closings — the daily Greater New Orleans report from HERE New Orleans.
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…
Politics
NEW ORLEANS, La. — The New Orleans City Council on Thursday approved a long-term tax arrangement for the planned Omni New Orleans, clearing one of the last local hurdles for the $625 million convention headquarters hotel. Instead of a regular property tax bill, the Dallas-based developers will make yearly payments…
Politics
NEW ORLEANS, La. — The New Orleans City Council voted unanimously Thursday to roll forward a combined 4.039 mills on property tax bills, a revenue step Mayor Helena Moreno’s team says should bring in $23,270,000 and soften a lingering fiscal crunch that has shadowed budget hearings since September. City budget…
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