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Sources: SoftBank VF and others marked up ByteDance’s valuation to $400B+; SoftBank puts zero value on TikTok’s US operations but factored in AI business Doubao (Bloomberg)
Sources: EU antitrust regulators are set to charge Google for breaching the DMA after proposed changes to its search results failed to address concerns (Foo Yun Chee/Reuters)
OpenAI told investors that it expects revenue to more than triple in 2025, from $3.7B to over $12.5B; one-third of the revenue growth would come from SoftBank (The Information)

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