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VW's $10 Billion Engines: Sealed Bids To Avert A Corporate Showdown
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. **Key Takeaways** 1. **Strategic Divestment for VW:** Volkswagen’s sale of its Everllence engine unit underscores the automotive giant’s urgent need to streamline its vast portfolio, cut debt, and reallocate capital towards the costly and competitive transition to electric…
US announces more than $10bn of arms sales to Taiwan | Taiwan
The Trump administration has announced a massive package of arms sales to Taiwan valued at more than $10bn that includes medium-range missiles, howitzers and drones, drawing an angry response from China. The state department announced the sales late on Wednesday during a nationally televised address by president Donald Trump, who made scant mention of foreign policy issues and did not speak about…
Amazon in talks to invest $10bn in developer of ChatGPT | OpenAI
Amazon is in talks to invest more than $10bn (£7.5bn) in OpenAI, in the latest funding deal being struck by the startup behind ChatGPT. If it goes ahead, the market valuation of OpenAI could rise above $500bn, according to The Information, a tech news site that revealed the negotiations. Amazon, which is best known as an online retailer, is also the world’s largest datacentre provider and its…
Donald Trump sues BBC for up to $10bn over edit of January 6 speech | Donald Trump
Donald Trump has filed a lawsuit against the BBC over its editing of a speech he made to supporters in Washington before they stormed the US Capitol in 2021, requesting up to $10bn in damages. The US president alleged the broadcaster “intentionally, maliciously, and deceptively” edited his 6 January speech before the insurrection, in an episode of Panorama just over a year ago. In a complaint…
how $10bn UK power challenger Prax unravelled
As not too long ago as November, the publicity-shy proprietor of Prax Group needed buyers to know that his $10bn challenger firm was quick turning into a “formidable pressure” within the power business. “Twenty-five years on from once we began, we’re a a lot larger, stronger, higher enterprise in every kind of how,” founder and chief government Sanjeev Kumar Soosaipillai mentioned within the…
Mira Murati’s Pondering Machines Lab valued at $10bn after $2bn fundraising
Unlock the Editor’s Digest without spending a dime Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly e-newsletter. OpenAI’s former chief know-how officer Mira Murati has raised $2bn for her new synthetic intelligence start-up, in a deal which values the mysterious six-month-old firm at $10bn. The deal, which closed just lately, in line with a number of folks accustomed to…
Japan backs Mahama’s Volivo Bridge dream under $10bn 'Big Push' plan - Nsemkeka
Japan backs Mahama’s Volivo Bridge dream under $10bn ‘Big Push’ plan – Nsemkeka Japan has reaffirmed its commitment to financing the construction of the Volivo Bridge over the Volta Lake—one of the most critical components of Ghana’s Eastern Corridor road network. The assurance was delivered to President John Dramani Mahama by Miyazaki Katsura, Senior Executive Vice President of the Japan…
Saudi AI firm courts US tech buyers and plans $10bn enterprise fund
Saudi Arabia’s new state-owned synthetic intelligence firm will search funding from high US tech corporations and can launch a $10bn enterprise capital fund because it leads the dominion’s effort to change into a worldwide AI hub. Tareq Amin, chief government of Humain, advised the Monetary Occasions he was in talks with American teams together with OpenAI, Elon Musk’s xAI and Andreessen Horowitz…
