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News
Deccan Gold opens Altyn Tor plant, marks overseas production milestone
15+ min ago (376+ words) Operated through Deccan Gold's Kyrgyz subsidiary Avelum Partner, Altyn Tor has progressed from exploration and development to production Deccan Gold Mines Ltd on Saturday marked a landmark milestone in its transformation into a global mining company by inaugurating its gold…...
Goldman Sachs came to own 680,000 acres of Tierra del Fuego when a timber company's debt went bad — and instead of selling, the bank gave all of it away to a wildlife society, and forests once marked for clear-cutting became one of Chile's largest private nature reserves
49+ min ago (26+ words) Investment banks acquire strange things when loans go bad. In 2002, Goldman Sachs bought a portfolio of distressed debt — the kind of bulk purchase of soured...
Oracle to Spend an Additional $700 Million on More Job Cuts
1+ day, 4+ hour ago (29+ words) Oracle Corp. increased the scale of its planned job cuts while the company grapples with a cash crunch tied to development of large-scale data centers for artificial intelligence work....
Oracle's AI Chips Ran 97.9% Utilized Last Quarter. For Nvidia, That Is What a Shortage Looks Like.
12+ hour, 33+ min ago (697+ words) Most of those chips are Nvidia's. Oracle's cluster design for its biggest AI deployments connects hundreds of thousands of Nvidia GPUs, and its largest planned builds target up to 800,000 of them. So while Nvidia didn't report this week, a company…...
OpenAI IPO not happening in 2026, Sam Altman says, citing AI safety concerns
10+ hour, 40+ min ago (537+ words) Sam Altman says OpenAI has no plans to go public this year as the company focuses on AI safety, alignment and cooperation with governments OpenAI will not go public in 2026, CEO Sam Altman has said, as the artificial intelligence company…...
Larry Ellison cancels plan to sell $7.5 billion worth of Oracle stock | Company Business News
2+ hour, 37+ min ago (343+ words) Oracle Executive Chairman Larry Ellison won't sell 50 million shares of Oracle stock, or $7.5 billion worth of stock at the current price, the company said on Saturday. "No Oracle stock was sold under that plan, and he has no other plans…...
No IPO in 2026, firm to prioritise safety, says OpenAI CEO Sam Altman
3+ hour, 22+ min ago (387+ words) Altman said this year would be an 'ill-advised moment' for initial public offering and that a listing won't take place until next year By María Paula Mijares Torres and Se Young Lee OpenAI wonât go public in this year…...
Tata Sons faces IPO deadline with RBI decision, How will it play out for India's biggest conglomerate? | Company Business News
4+ hour, 2+ min ago (684+ words) The Reserve Bank of India has directed Tata Sons Pvt. Ltd. to go for an IPO after rejecting its two-and-a-half-year-old application to surrender its registration as a core investment company, marking a new challenge for Tata Trusts chairman Noel Tata,…...
OpenAI CEO: IPO Won't Happen This Year
12+ hour, 8+ min ago (279+ words) According to CEO Sam Altman, the initial public offering (IPO) of OpenAI, the developer of ChatGPT, will no longer take place this year. In an interview with *Fortune* magazine, he cited, above all, the current debate over the dangers of…...
OpenAI CEO Rules Out 2026 IPO, Citing AI Safety Concerns
5+ hour, 38+ min ago (423+ words) Speaking with Fortune editor-in-chief Alyson Shontell at OpenAI's San Francisco headquarters, Altman said the company sees no pressure to rush a listing and that the current climate around artificial intelligence safety makes this the wrong moment to do so. Altman…...