SoftBank to boost OpenAI stake with up to $1.5bn investment

Masayoshi Son says his mission is to bring about artificial superintelligence

Business - Financial Times - 7 hours ago

OpenAI gets new $1.5 billion investment from SoftBank, allowing employees to sell shares in a tender offer

OpenAI on Tuesday introduced a new $1.5 billion tender offer, a continuation of its recent $6.6 billion funding round, led by SoftBank, CNBC has learned.

Business - CNBC - 35 minutes ago

NHS in England to receive £1.5bn next year to boost appointments

Fresh funding comes as part of wider package which will be set out by Reeves in Budget on Wednesday

Business - Financial Times - October 28

Japan's SoftBank returns to profit after gains at Vision Fund and other investments

Japanese technology conglomerate SoftBank Group swung back to profitability in the July-September quarter, boosted by its Vision Fund investments

Tech - ABC News - November 12

SoftBank returns to profit as Indian IPOs boost Vision Fund gains

Investors await founder Masayoshi Son’s next big move on artificial intelligence

Business - Financial Times - November 12

China fright ups the stakes for AstraZeneca

Pharma group needs some good news to ease investors’ nerves

World - Financial Times - November 7

The week that upped the stakes of the Ukraine war

This past week has seen the most significant escalation in hostilities Ukraine has witnessed since Russia's full-scale invasion and marks a new chapter in the nearly three-year war

World - ABC News - 3 days ago

Microsoft CFO says OpenAI investment will cut into profit this quarter

Microsoft has invested over $13 billion in OpenAI, a bet that's weighing on the company's profitability.

Business - CNBC - October 31

Amazon to invest another $4 billion in Anthropic, OpenAI's biggest rival

Amazon on Friday announced it would invest an additional $4 billion in Anthropic, the artificial intelligence startup founded by ex-OpenAI research executives.

Business - CNBC - 4 days ago

Amazon Invests an Additional $4 Billion in Anthropic, an OpenAI Rival

The tech giant doubles its investment in the startup as it aims to compete in the AI arms race.

Tech - The Wall Street Journal - 4 days ago

Reeves in radical pension shake-up to boost growth

The chancellor wants to merge the UK's pension funds but critics worry about the impact on savers.

Elon Musk Ramps Up Legal Fight With OpenAI, Microsoft

The billionaire accused the ChatGPT maker of anticompetitive behavior in new court filings.

Tech - The Wall Street Journal - November 15

Warren Buffett slashes Apple stake as he boosts cash to record high

Berkshire’s stock-selling spree extends for eighth quarter, with $166bn dumped over the period

Business - Financial Times - November 2

Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI

Amazon reported a boost in its quarterly profits Thursday and exceeded revenue estimates

Tech - ABC News - October 31

The show’s not over: 2024 sees big boost to AI investment

AI investment continues to show resiliency, driving deal volumes to 1,245 in Q3, 24, a level not seen since Q1, 22.

Tech - VentureBeat - November 1

Jeff Bezos and OpenAI invest in robot startup Physical Intelligence at $2.4 billion valuation

Amazon's Jeff Bezos and OpenAI invested in Physical Intelligence, a robot startup that raised $400 million at a $2.4 billion post-money valuation.

Business - CNBC - November 4

Elliott pushes to break up Honeywell after taking $5bn stake

US activist investor wants to split the conglomerate’s aerospace and automation businesses

Business - Financial Times - November 12

Starmer insists pro-growth policies on way after OBR’s budget warnings – UK politics live

PM says budget just ‘first step’ after watchdog said measures would make no difference to growth over five years. Rachel Reeves is now being interview on ITV’s Good Morning Britain.. She is being ...

World - The Guardian - October 31

This surprising investment strategy could boost your retirement nest egg—but proceed with caution

Most people want to play it safe with their retirement nest egg — but they could also lose ground that way.

Business - MarketWatch - November 2

Supercell opens London office, ups investment of Space Ape

Mobile games company Supercell has opened its fifth office in London, and also increased its investment in Space Ape to 100%.

Tech - VentureBeat - November 4

Police break up €10m investment fraud gang in Germany and Cyprus

World - Yahoo News - November 7

Sporting’s Rúben Amorim set to be confirmed as new Manchester United manager

United ready to pay €10m (£8.3m) release clause Amorim tight-lipped on move after Nacional game Rúben Amorim is poised to be confirmed as Manchester United’s manager after Sporting said the ...

World - The Guardian - October 29

Nestle to Step Up Spending in Push to Boost Sales Growth

The food giant tempered its profit expectations for next year and for sales growth over the medium term, as it steps up spending to boost its top line and win market share in the face of a tough ...

Business - The Wall Street Journal - November 19

Caligan picks up a stake in Verona Pharma, seeing an opportunity to generate more value

Verona Pharma has seen its share price skyrocket in anticipation of the commercial launch of its COPD treatment.

Business - CNBC - November 9

How well does Donald Trump understand Elon Musk?

While Musk did not stint or hesitate in his support for Trump, the world’s richest man is not in ideological lockstep with his new friend.