AI fintech Optasia eyes South Africa IPO
Optasia plans to raise $365 million by selling shares in South Africa and using the proceeds to acquire new companies.
Optasia plans to raise $365 million by selling shares in South Africa and using the proceeds to acquire new companies.
Saudi Arabia’s sovereign wealth fund hired Morgan Stanley and Riyad Capital to list tech firm SITE next year.
Britain has in recent months been hit by US tariffs targeting key export sectors and now faces the prospect of its steel sales to the EU being curbed.
Tesla unveiled lower-cost versions of its most popular models in order to boost flagging sales in the face of China's go dominance.
The company invests about $2 billion a year in AI, but has reduced headcount and improved efficiency to save at least the same amount, Dimon said.
A string of mutual investments between xAI, Nvidia, OpenAI, and AMD has sparked concerns.
Purchases of AI-related equipment — semiconductors, computers, cloud servers — have propped up cross-border commerce.
Analysts attribute the latest surge to a desire among financiers to move away from US assets.