The California-based artificial intelligence pioneer plans to add Alphabet's cloud service to meet its growing needs for computing capacity, marking a surprising collaboration between two prominent competitors in the AI sector.
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OpenAI taps Google in historic cloud computing deal despite AI rivalry
The California-based artificial intelligence pioneer plans to add Alphabet's cloud service to meet its growing needs for computing capacity, marking a surprising collaboration between two prominent competitors in the AI sector. Read here
Meta to shell out nearly $15B for Scale AI stake
The California-headquartered technology giant has agreed to take a 49% stake in the artificial intelligence startup that provides vast amounts of labeled data or curated training data for $14.8 billion, according to reports. Read here
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Caris Life Sciences eyes $5.3B valuation for IPO
The Texas-based precision oncology firm backed by Sixth Street and JH Whitney is targeting a high appraisal in its upcoming US initial public offering, as appetite for new listings gathers pace amid improving market sentiment.Read here
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NEWS WORTH NOTING
Nvidia, Perplexity partner to boost firms’ AI models
The California-based artificial intelligence specialists are working with more than a dozen AI firms in Europe and the Middle East to refine those firms' AI technologies and distribute them to local businesses.Read here
Tower Firm TDF’s owners to pick banks for $11.5B sale
Stakeholders of the French towers group have selected BNP Paribas and UBS Group to help arrange the sale of the company, after previous attempts failed to materialize. Read here
EU unconditionally clears SES’s $3.1B bid for Intelsat
The European Commission has approved the proposed acquisition of the Luxembourg-based leader in satellite communications by its local peer, confirming earlier reports. Read here
Foshan Haitian aims to raise $1.2B in Hong Kong listing
The Chinese soy sauce maker is planning to secure as much as $1.22 billion at the Hong Kong Stock Exchange, as a recovery in the equity capital market marches on. Read here
Long Harbour prepares $1B for Manchester’s PRS REIT
The London-headquartered real estate investment and management firm has secured financing to launch a possible takeover bid for the real estate investment trust. Read here
