The Washington-based e-commerce company is the latest tech giant to announce an ambitious artificial intelligence investment strategy, with well over $100 billion in predicted capital expenditures for 2025.
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PHOTO: FREEPIK
Amazon doubles down on AI with massive $100B spending plan
The Washington-based e-commerce company is the latest tech giant to announce an ambitious artificial intelligence investment strategy, with well over $100 billion in predicted capital expenditures for 2025. Read here
Ontario Teachers’ eyes $4B sale of Mitratech
Canada’s largest single-profession pension plan is exploring the potential sale of the Texas-based provider of legal and compliance software, which is expected to attract interest from private equity firms. Read here
PHOTO: MITRATECH
TPG to buy solar firm Altus Power for $2.2B
The Texas-headquartered private equity firm’s climate investment arm will acquire the Connecticut-based clean energy and storage specialist in an all-cash deal, including the assumption of debt. Read here
PHOTO: TPG
NEWS WORTH NOTING
NEWS WORTH NOTING
Meta launches speech, translation AI program
The Facebook owner is working with UNESCO to collect speech recordings and transcriptions under its Language Technology Partner Program, aiming to support the development of future openly available AI.Read here
The Chinese online fast-fashion retailer is set to cut its potential listing appraisal to nearly a quarter less than its 2023 fundraising value amid growing headwinds. Read here
BPER joins M&A frenzy
with $4.5B Pop Sondrio bid
Italy’s fourth-largest bank has become part of the raft of takeover bids rocking the country’s financial sector with its all-share bid for the Sondrio-based cooperative lender. Read here
Legal & General sells unit to Meiji Yasuda for $2.3B
The British financial services company is poised to sell its US protection business to the Japanese insurer, which would also take a 5% stake in the UK firm. Read here
Pernod Ricard considers sale of Mumm champagne
The French alcoholic beverage giant behind Absolut Vodka is exploring the sale of its champagne brand as it looks to focus on premium labels in its portfolio. Read here
