Elon Musk-Led Group of Investors Make $97.4 Billion Hostile Bid to Take Over OpenAI; Sam Altman Says, ‘No, Thank You’ as AI War Turns Rogue

Elon Musk-Led Group of Investors Make .4 Billion Hostile Bid to Take Over OpenAI; Sam Altman Says, ‘No, Thank You’ as AI War Turns Rogue

A group of investors, led by Elon Musk, has made an unsolicited $97.4 billion offer to take control of OpenAI, adding another layer of complexity to the billionaire’s ongoing legal battle with the ChatGPT developer and its CEO, Sam Altman. Musk’s surprising bid to acquire the AI startup—currently in the process of transitioning to a…

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BP pledges reset as annual profit dips below US$9 billion

BP pledges reset as annual profit dips below US billion

BP CEO Murray Auchincloss pledged on Tuesday (Feb 11) to fundamentally reset the company’s strategy as it reported a 35 per cent fall in annual profits, missing analysts’ expectations. The drop in profit to US$8.9 billion follows weekend reports Elliott Investment Management has built a stake in the company, intensifying demands for strategic shifts. Auchincloss…

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Citigroup targets social finance deals in Asia as demand grows

Citigroup targets social finance deals in Asia as demand grows

Citi led 76 transactions in Asia last year, raising US$2.4 billion, according to the bank CITIGROUP said it expects social finance funding in Asia to rise by more than 10 per cent this year as investor demand increases. The bank’s pipeline includes trade loans, securitisations, partnerships with development agencies, and initial public offerings, according to…

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