Ousted OpenAI CEO Altman planning new AI venture, sources say

Ousted OpenAI CEO Altman planning new AI venture, sources say

Sam Altman, CEO of Microsoft-backed OpenAI and ChatGPT creator speaks during a talk at Tel Aviv University in Tel Aviv, Israel June 5, 2023. REUTERS/Amir Cohen/File Photo Acquire Licensing Rights Nov 18 (Reuters) – Sam Altman, the recently ousted CEO of OpenAI, has been working on a new artificial intelligence venture he is planning to … Read more

UK petrol station group EG to buy Tesla charging units

UK petrol station group EG to buy Tesla charging units

A Tesla electric charging point stands unused in a car park, as Britain will ban the sale of new petrol and diesel cars and vans from 2030, five years earlier than previously planned, in London, Britain, November 18, 2020. REUTERS/Simon Dawson/File Photo Acquire Licensing Rights LONDON, Nov 13 (Reuters) – British petrol station operator EG … Read more

Wall St Week Ahead Surging Treasury yields upend stock market’s “bond proxies”

Wall St Week Ahead Surging Treasury yields upend stock market’s “bond proxies”

A Wall St. street sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., September 17, 2019. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights NEW YORK, Oct 6 (Reuters) – Soaring Treasury yields have stunned the U.S. equity market in recent weeks, with some of the worst fallout hitting a group … Read more

SPAC shell games will keep hiding the ball

SPAC shell games will keep hiding the ball

NEW YORK, Oct 5 (Reuters Breakingviews) – As blank-check deals go, it hardly could have been much worse than Better. The online mortgage lender led by Vishal Garg unveiled plans in May 2021 to go public at a nearly $8 billion valuation by way of a special-purpose acquisition company, exuberantly telling investors it expected to … Read more

UK’s Zegona in talks to buy Vodafone’s Spain business

UK’s Zegona in talks to buy Vodafone’s Spain business

Tourists take a break next to a Vodafone store on a shopping street, in Ronda, Spain, June 2, 2023. REUTERS/Jon Nazca Acquire Licensing Rights MADRID/LONDON, Sept 22 (Reuters) – British telecom investment company Zegona (ZEG.L) said on Friday it was in talks with Vodafone (VOD.L) about a potential acquisition of the British telecom giant’s Spanish … Read more

Klaviyo, Arm, Instacart wobble, raising doubts over IPO revival

Klaviyo, Arm, Instacart wobble, raising doubts over IPO revival

[1/2]A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights NEW YORK, Sept 20 (Reuters) – Marketing automation firm Klaviyo’s (KVYO.N) shares closed well below their first-day high on Wednesday, while a slump in the stocks of Arm … Read more

Exclusive: Klaviyo leans towards raising IPO price range amid market euphoria

Exclusive: Klaviyo leans towards raising IPO price range amid market euphoria

NEW YORK, Sept 15 (Reuters) – Marketing automation firm Klaviyo Inc is in advanced discussions to raise the indicative price range of its initial public offering (IPO), people familiar with the matter said on Friday, as strong investor demand emboldens stock market hopefuls. Klaviyo, which is seeking an $8 billion fully diluted valuation at the … Read more

SoftBank’s Arm set for Nasdaq debut after biggest US IPO since 2021

SoftBank’s Arm set for Nasdaq debut after biggest US IPO since 2021

Sept 14 (Reuters) – SoftBank’s chip designer Arm Holdings (ARM.O) is set to debut on the Nasdaq on Thursday, in what could be the biggest test for initial public offerings (IPOs) in the United States after a listing drought that lasted for nearly 16 months. The company has secured a valuation of $54.5 billion after … Read more

Apple unveils iPhone 15 Pro with titanium case, holds line on prices

Apple unveils iPhone 15 Pro with titanium case, holds line on prices

[1/11]New iPhone 15 and iPhone 15 Plus are displayed during the ‘Wonderlust’ event at the company’s headquarters in Cupertino, California, U.S. September 12, 2023. REUTERS/Loren Elliott Acquire Licensing Rights CUPERTINO, California, Sept 12 (Reuters) – Apple (AAPL.O) on Tuesday unveiled a new iPhone 15 Pro with a titanium case and faster chip that enables better … Read more