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.
Cofounded in 2019 by former consultant Jennifer Smith, Scribe’s software helps hundreds of thousands of companies record what their employees do so AI agents can take over repetitive tasks in the future.
Megan Gale, Dr Adam Brown, Bahar Etminan, and Nick Bell gathered at the 2026 Forbes Women Summit presented by Lancome, to discuss the mainstreaming of longevity and the resonance of biology over birthdays.
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.
The automaker said demand for its vehicles has rebounded from recent declines .