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US dollar bond movement | REGH 6.5 PERP at Rich Hotel rose by 1.709% to 20.825.
23/08/2025
On August 23rd, REGH 6.5 PERP issued by the Rich Hotel is currently at a price of 20.825, rising by +1.709%, with a yield of 31.144%.
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According to reports, OpenAI CEO Sam Altman will hand over most of the company's day-to-day operations to the head of applied business, Fidji Simo. Altman stated that he is unable to simultaneously manage consumer technology, super infrastructure, frontier research, and novel projects, and will instead focus on raising trillions of dollars in funding, advancing supercomputing projects, and incubating brain-computer interface startups. Consumer technology businesses like ChatGPT will be overseen by Fidji Simo. With this adjustment, OpenAI's power structure will follow a "dual-track system". Altman will directly manage computing resources, frontier research, consumer hardware projects, and safety affairs. His brain-computer interface company, founded with Worldcoin CEO, will also operate independently from OpenAI. Fidji Simo's core task is to transform OpenAI into a disciplined, publicly-listed tech giant. With her extensive experience in Facebook and Instacart and expertise in advertising, she is seen as a "steady hand steering towards achieving commercial goals".
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