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...Its entire business generated revenues of £923mn in 2022....
...The negotiations come as Altman seeks to fund ambitious plans to launch a semiconductor business that would allow OpenAI to reduce its dependence on cutting-edge chips made by Nvidia....
...Although prestigious and highly valued, the prime London estate yields less income than riskier ventures and assets....
...It does not disclose whether its overseas offices ventures are profitable, but according to filings, the offshore business had revenues of Rmb3bn in the first half of 2023, a 31 per cent rise on the previous...
...Comac is highly reliant on western suppliers for key components including engines supplied by the Franco-American venture CFM International and auxiliary power units supplied by US-based Honeywell, making...
...“Different strands are being discussed about supply, a joint venture, an acquisition . . . nothing is concrete,” he added....
...However, the announcement of the venture comes amid signs that India’s EV market is beginning to take off....
...Vodafone’s Indian business has raised $2.2bn through an equity issue, staving off fears that the telecoms operator would collapse under a mountain of debt....
...The move comes just two weeks after Disney agreed to merge its Indian business with Reliance in an $8.5bn deal....
...Disney has struck an $8.5bn deal to merge its India business with Reliance Industries, in a move that will reduce the US entertainment group’s financial exposure to what has been a lossmaking venture in...
...“to assist” the business....
...Volkswagen has responded to fresh allegations of having benefited from forced labour in Xinjiang by announcing talks with its Chinese joint venture partner over “the future direction of business” in the...
...Adani has long-established business ties with Israel, where its ports arm operates the Jewish state’s second-largest port in Haifa....
...Monzo announced in recent days that it had surpassed 9mn customers after adding 2mn in 2023, with more than 380,000 business customers....
...South Korea’s display industry is facing the same fate as Japan’s in the $160bn global market, analysts said, citing the worst-case scenario of JOLED, a Japanese joint venture between Panasonic and Sony’...
...But Weightman insists this has done little to slow down his new venture. “The US guys were employed at will,” he said adding that they were due to start at Corinthia at the beginning of April....
...Alstom and its joint venture partner Hitachi in 2021 won a contract worth up to £2.8bn to build 54 trains for the HS2 rail line....
...Barings is suing a Nomura-backed venture after most of its top private credit team defected to the new firm, in what the fund manager described as one of the “largest corporate raids at an asset manager...
...Lightspeed Venture Partners has hired Isaac Kim as the venture capital firm plans a foray into technology-focused leveraged buyouts, according to Bloomberg....
...Bird also sought to restructure other underperforming parts of the business, selling off Abrdn’s £7.5bn private equity arm and offloading its 50 per cent stake in a joint venture with the bank Virgin Money...
...At Farfetch, Neves had embarked on a number of ventures, including several acquisitions, that ate up resources and splintered focus, while overheads ballooned as staff numbers peaked at more than 6,000 after...
...Weightman’s big move came six months after he began recruiting for his new venture, Corinthia said....
...“The record that we have on that side of our asset management business means we’d be a good candidate for something like that,” he said, referring to FTX’s venture portfolio....
...“After coming back to Japan, I realised the experience of working in real business, I mean inside the business, was lacking,” she says....
...To that end, his company’s US unit is a separate legal entity, with an independent share structure, rather than having the status of being a subsidiary of the Chinese business....
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