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Meta's AI girlfriend ads, Tesla's high-flying rival, and OpenAI's latest EU scrutiny

Plus, Paramount Global CEO Bob Bakish is stepping down ....

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IPOs by flexible workspace firms: Sharing to grow

A number of flex workspace operators are expected to raise long-term capital and onboard more institutional investors. ....

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WeWork rejects Adam Neumann's $650M bid, reaches bankruptcy deal with creditors

Shared office space provider WeWork announced on Monday a settlement with its junior creditors and a new cash infusion from its senior lenders, moving ahead with a bankruptcy deal that rejects a $650 million offer from co-founder and former owner Adam Neumann. ....

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WeWork spurns Adam Neumann, finalises new overhaul deal

WeWork has struck an agreement with senior lenders, who have agreed to provide the business with roughly $450 million in Chapter 11 and exit financing in exchange for equity in the reorganized business. SoftBank and other owners of the company s existing letters of credit could also swap their debt holdings for stock after exiting Chapter 11, WeWork lawyer Steven N. Serajeddini said during a Monday bankruptcy court hearing in New Jersey. ....

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The yen rebounded after hitting its lowest level in decades

Plus: AI girlfriend bots descend on Meta. ....

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