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Serena Williams invests in women’s basketball league Unrivaled, now valued at $340 million

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Serena Williams invests in women’s basketball league Unrivaled, now valued at 0 million


Serena Williams introduces Maria Sharapova during the 2025 Induction Celebration weekend at the International Tennis Hall of Fame in Newport, Rhode Island, on Aug. 23, 2025.

Joe Buglewicz | Getty Images Sport | Getty Images

Women’s 3-on-3 basketball league Unrivaled is now valued at $340 million after a new funding round that included tennis legend Serena Williams, the league announced Monday.

Williams’ Serena Ventures was part of a Series B funding round that was led by Bessemer Venture Partners and also included Warner Bros. Discovery and Alex Morgan’s Trybe Ventures. Unrivaled did not disclose the size of the individual contributions.

Unrivaled’s latest cash infusion means a dramatic rise in its valuation from just one year ago when the league was valued at $95 million, according to a person familiar with the league who spoke on the condition of anonymity about internal matters.

The investment comes as women’s sports have soared in both popularity and valuations in recent years.

“To add arguably the most iconic female athlete to play sports, I think it exemplifies who Unrivaled is not just with our players on the court, but the number of investors on our cap table who had been icons in their own lanes,” said Alex Bazzell, co-founder and president of Unrivaled.

Angel Reese, #5 of Rose, goes up for a shot against Napheesa Collier, #24 of the Lunar Owls, during the second half at Wayfair Arena in Medley, Florida, on Feb. 21, 2025.

Rich Storry | Getty Images Sport | Getty Images

Other Unrivaled investors include high-profile names such as tennis legend Billie Jean King, NBA superstar Stephen Curry, tennis champion Coco Gauff and Olympic swimmer Michael Phelps.

Bessemer has previously invested in ticketing resale site StubHub, as well as streaming services BallerTV and Twitch. The venture firm sees Unrivaled as a blueprint for the next generation of sports leagues, according to Caty Rea, a vice president at Bessemer.

“We always look for category-defining businesses with generational tail winds and really audacious founders who kind of have that product hard to fit,” Rea said. “We felt like we found that with Unrivaled.”

Unrivaled was founded in 2023 and offers women’s professional basketball players a league that runs in the offseason of the WNBA. Previously, many players went abroad in the offseason for extra compensation.

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The league says it offers women the highest average salary in professional women’s sports history and provides equity to players.

For comparison, the WNBA does not offer its players equity, and players are currently negotiating their collective bargaining agreement, which expires Oct. 31. One of the key issues being debated is an increase in player compensation. WNBA Commissioner Cathy Engelbert told CNBC in July that the average WNBA team valuation has increased to about $260 million.

Bazzell said the new funding will be used to add more resources to the league’s facilities, for developmental efforts and to create additional awareness of the league as it heads into its second season.

“We’ve built a sustainable and sticky audience, both on television and certainly on social. So now we have to grow that footprint,” he said.

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SC permits Centre to review Rs 6,000cr additional dues on Vodafone-Idea – The Times of India

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SC permits Centre to review Rs 6,000cr additional dues on Vodafone-Idea – The Times of India


NEW DELHI: The Union govt on Monday convinced the Supreme Court to permit the department of telecom to review its demand of Rs 6,000 crore additional adjusted gross revenue demand for the FY 2016-17 on Vodafone-Idea. Chief Justice B R Gavai and Justice K Vinod Chandran was informed by solicitor general Tushar Mehta that since the previous round of litigation, in which Vodafone was ordered to pay the AGR dues, there had been a change of circumstance as the Centre has acquired a 49% stake in the company. Mehta said, “We do not want the company, in which the govt has a huge investment, to go bankrupt to make 20 crore people suffer. ‘Govt wants to prevent monopoly’ Govt wants more players in the mobile telecom sector to prevent monopoly,” said solicitor general Tushar Mehta. Vodafone through senior advocate Mukul Rohatgi had argued that the SC had frozen the AGR dues at Rs 58,254 crore as of 2016-17 and that the DoT cannot raise additional AGR dues in breach of the SC order. Govt had converted Rs 36,950 cr dues as its 49% equity in the telecom service provider.

SC: Centre can review ₹6kcr additional dues on Voda-Idea

The bench noticed the element of public interest in the case and permitted the Centre to take a fresh view of the additional AGR demands, especially when the issue is purely in the policy domain and involves the interests of 20 crore people. “We see no reason why the Centre should be prevented from taking a relook at the additional AGR dues,” the bench said.





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OpenAI shares data on ChatGPT users with suicidal thoughts, psychosis

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OpenAI shares data on ChatGPT users with suicidal thoughts, psychosis


OpenAI has released new estimates of the number of ChatGPT users who exhibit possible signs of mental health emergencies, including mania, psychosis or suicidal thoughts.

The company said that around .07% of ChatGPT users active in a given week exhibited such signs, adding that its artificial intelligence (AI) chatbot recognizes and responds to these sensitive conversations.

While OpenAI maintains these cases are “extremely rare,” critics said even a small percentage may amount to hundreds of thousands of people, as ChatGPT recently reached 800 million weekly active users, per boss Sam Altman.

As scrutiny mounts, the company said it built a network of experts around the world to advise it.

Those experts include more than 170 psychiatrists, psychologists, and primary care physicians who have practiced in 60 countries, the company said.

They have devised a series of responses in ChatGPT to encourage users to seek help in the real world, according to OpenAI.

But the glimpse at the company’s data raised eyebrows among some mental health professionals.

“Even though .07% sounds like a small percentage, at a population level with hundreds of millions of users, that actually can be quite a few people,” said Dr. Jason Nagata, a professor who studies technology use among young adults at the University of California, San Francisco.

“AI can broaden access to mental health support, and in some ways support mental health, but we have to be aware of the limitations,” Dr. Nagata added.

The company also estimates .15% of ChatGPT users have conversations that include “explicit indicators of potential suicidal planning or intent.”

OpenAI said recent updates to its chatbot are designed to “respond safely and empathetically to potential signs of delusion or mania” and note “indirect signals of potential self-harm or suicide risk.”

ChatGPT has also been trained to reroute sensitive conversations “originating from other models to safer models” by opening in a new window.

In response to questions by the BBC on criticism about the numbers of people potentially affected, OpenAI said that this small percentage of users amounts to a meaningful amount of people and noted they are taking changes seriously.

The changes come as OpenAI faces mounting legal scrutiny over the way ChatGPT interacts with users.

In one of the most high-profile lawsuits recently filed against OpenAI, a California couple sued the company over the death of their teenage son alleging that ChatGPT encouraged him to take his own life in April.

The lawsuit was filed by the parents of 16-year-old Adam Raine and was the first legal action accusing OpenAI of wrongful death.

In a separate case, the suspect in a murder-suicide that took place in August in Greenwich, Connecticut posted hours of his conversations with ChatGPT, which appear to have fuelled the alleged perpetrator’s delusions.

More users struggle with AI psychosis as “chatbots create the illusion of reality,” said Professor Robin Feldman, Director of the AI Law & Innovation Institute at the University of California Law. “It is a powerful illusion.”

She said OpenAI deserved credit for “sharing statistics and for efforts to improve the problem” but added: “the company can put all kinds of warnings on the screen but a person who is mentally at risk may not be able to heed those warnings.”



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UK airline Eastern Airways suspends operations with all flights cancelled

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UK airline Eastern Airways suspends operations with all flights cancelled



UK domestic airline Eastern Airways has suspended operations and all of its flights have been cancelled.

Customers of the airline, which operated regional services from airports across the UK, are being urged not to go to the airport as flights will not be operating, the UK Civil Aviation Authority said.

Destinations the airline flew to included Aberdeen, Humberside, London Gatwick, Newquay, Teesside International and Wick, according to its website.

Eastern Airways customers are being urged to make their own alternative travel arrangements via other airlines, rail or coach operators.

On Monday morning Eastern Airways (UK) Ltd filed a notice of intention to appoint an administrator at the Insolvency and Companies Court, which is within the High Court.

Selina Chadha, consumer and markets director at the UK Civil Aviation Authority, said: “We urge passengers planning to fly with this airline not to go to the airport as all Eastern Airways flights are cancelled.

“Eastern Airways customers should visit the Civil Aviation Authority’s website for the latest information.”

Following the suspension of Eastern Airways operations, London and North Eastern Railway, ScotRail, TransPennine Express, and Northern will offer free standard class travel to Eastern Airways staff and customers on October 28 and 29, on suitable routes operated by each train company, the UK Civil Aviation Authority said.

To access this support, present either an Eastern Airways employee ID, boarding pass, or flight confirmation to station staff.



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