The California-headquartered technology giant just surged again closing in on a historic market capitalization as it leads the artificial intelligence revolution with chips powering everything from ChatGPT to self-driving cars.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
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Nvidia nears record highs with $3T cap, outpacing other tech stocks
The California-headquartered technology giant just surged again closing in on a historic market capitalization as it leads the artificial intelligence revolution with chips powering everything from ChatGPT to self-driving cars. Read here
Private equity sits on $1T amid volatility, M&A stalls
Private equity firms are holding an unprecedented amount of unsold assets — capital that, in a typical market environment, would have been returned to investors, according to advisory firm PricewaterhouseCoopers. Read here
The Texas-based precision oncology firm backed by Sixth Street and JH Whitney has revised its initial public offering range, offering 23.5 million shares at $19 to $20 apiece, as it prepares to list on the Nasdaq.Read here
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NEWS WORTH NOTING
Amazon’s workforce may shrink as AI takes over
The rollout of generative AI and agents will reduce the Washington-based e-commerce giant’s total corporate staff in the next few years, as artificial intelligence continues to automate routine and repetitive tasks.Read here
KKR, GIC among bidders for $12B Orange-MásMóvil JV
The buyout firm and the Singaporean wealth fund have emerged as the leading contenders to acquire a majority stake in the proposed Spanish telecom joint venture. Read here
$3B ‘AI Dragon’ MiniMax plans Hong Kong listing
The Alibaba-backed artificial intelligence company is considering an initial public offering in what would be a landmark industry debut for a Chinese AI startup. Read here
Woodside signs 15-year LNG supply deal with Petronas
The Australian energy major has entered into an agreement with the Malaysian state-owned oil and gas firm to supply liquefied natural gas to the Asian country starting 2028. Read here
Dassault, Reliance to make Falcon 2000 business jets
The Indian conglomerate has partnered with the French aviation company to manufacture the executive planes in India, as the country aims to increase local sourcing of equipment. Read here
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