Business stories featured on GGD News
The $3B Art Stash in Iran
There’s a multi-billion-dollar modern art collection sitting in Tehran and most people outside the art world barely talk about it. Inside the vaults of the Tehran Museum of Contemporary Art is a collection widely estimated to be between $3 billion to $5 billion, making it one of the most valuable concentrations of Western modern art outside Europe and North America.
$4,500: Damien Hirst Artwork Added Alongside Works by Bob Dylan and Mr. Controversial
A Damien Hirst work with a mere four-figure estimate doesn’t show up often. Hirst’s “Butterfly Spin (acrylic on paper)” is set to appear in Halls Fine Art’s upcoming Modern and Contemporary Art and Design auction.
Flipped: How a Brooklyn Family Cashed In on a Banksy
In the aftermath of Superstorm Sandy, during Banksy’s month-long New York residency, a robot spray-painting a barcode appeared on a warehouse building in Coney Island. The stenciled work, commonly referred to as “Tagging Robot,” was one of several pop-up murals the elusive artist installed across the city that fall.
Apple x ISSEY MIYAKE Drop a $229 Knit iPhone Pocket and it’s Already Sold Out
Apple and ISSEY MIYAKE have teamed up to create a special-edition iPhone Pocket: a 3D-knitted sleeve for your iPhone, crafted in Japan and designed to wear (not just carry) your device. The concept builds on Miyake’s “a piece of cloth” philosophy, pushing wearable phone fashion to full tilt.
1,900% Stock Gains and Hate Mail: Welcome to Quantum Investing
Rigetti Computing Inc. and D-Wave Quantum Inc. make products that so far have few real world applications. They’re burning through cash and aren’t expected to generate significant amounts of revenue for years. Despite all that, investors can’t get enough of them.
Kerry Washington Invests in Cheersy, a New Wedding Coordination Marketplace
Actress and entrepreneur Kerry Washington has expanded her angel investment portfolio by leading a $550,000 pre-seed funding round for Cheersy, a digital marketplace that connects engaged couples with expert day-of wedding coordinators.
Liberty Is Said to Approach Vodafone For Its Dutch JV Stake
Liberty Global Ltd. has approached Vodafone Group Plc for a potential acquisition of its stake in their Dutch joint venture VodafoneZiggo, according to people familiar with the matter.
Intel Shares Jump After Naming Chip Industry Veteran as CEO
Intel Corp. shares jumped about 10% in premarket trading on Thursday after it named Lip-Bu Tan as its next chief executive officer, entrusting a former board member and semiconductor veteran with one of the toughest jobs in the chip industry.
OpenAI Asks White House for Relief From State AI Rules
OpenAI has asked the Trump administration to help shield artificial intelligence companies from a growing number of proposed state regulations if they voluntarily share their models with the federal government.
Meta Faces Legal Challenge by French Publishers Over AI Training
French publishers and authors are suing Meta Platforms Inc. for copyright infringement, accusing the tech giant of using their books to train its generative artificial intelligence model without authorization.