Under the deal, Indonesian billionaire Alexander Ramlie’s UK-based Dhilmar will pay $2.3 billion in cash upon the completion of the transaction in the first quarter of 2027 and an additional of up to $1.6 billion depending on the price of coking coal within five years after the deal’s close.
Shares of the AI juggernaut are up nearly 20% in the last four weeks.
Sigma Healthcare will license the Chemist Warehouse brand and provide inventory management and marketing support to Greenlight’s 22 stores across London.
Forest Endeavour—controlled by Taiwanese billionaire Lin Chen-hai—has acquired the Paradise Centre and Novotel Surfers Paradise in Australia’s Gold Coast for $250 million.
Meta plans to slash 8,000 jobs at the company, accounting for 10% of its workforce.
Tech giants are on pace to double AI spending this year.
Tesla billionaire Elon Musk reportedly declared, “Without me, OpenAI wouldn’t exist,” on the witness stand Wednesday as his testimony in his trial against Sam Altman stretches into a second day.
One executive told employees that OpenAI may be unable to fund future computing contracts.
The AI giant behind Claude has appointed Theo Hourmouzis as General Manager for Australia and New Zealand and confirmed the opening of its Sydney office, as the company expands its enterprise and government footprint in the region.
A recent funding round valued OpenAI at more than $850 billion.