Disney invests US$1 billion in OpenAI, strikes licensing deal

Disney invests US billion in OpenAI, strikes licensing deal

[ad_1] The company to tap OpenAI tools for new products and experiences, and to roll out ChatGPT to staff [NEW YORK] Walt Disney agreed to invest US$1 billion in OpenAI and licence iconic characters like Mickey Mouse and Cinderella to Sora, OpenAI’s short-form, artificial intelligence video platform. As part of the three-year licensing pact, Sora…

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Sembcorp to acquire Australian power company Alinta Energy in A$6.5 billion deal

Sembcorp to acquire Australian power company Alinta Energy in A.5 billion deal

[ad_1] The asset is country’s fourth-largest utilities provider with around 1.1 million customers [SINGAPORE] Sembcorp Industries will acquire Australia’s fourth-largest utilities provider Alinta Energy. In a bourse filing on Thursday (Dec 11), Sembcorp said that it had entered a share sale agreement with Alinta’s current owner, Hong Kong-based holding company Chow Tai Fook Enterprises. The…

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Axa warns on data centre ‘gambles’ as private credit risks rise

Axa warns on data centre ‘gambles’ as private credit risks rise

[ad_1] [PARIS] French insurer Axa is exercising greater caution on the artificial intelligence build-out when backing financing for the sector, amid growing awareness of emerging risks in private markets.  “We are convinced of the medium-term trend, but we want to avoid financing technological gambles,” AXA group chief investment officer Jean-Baptiste Tricot said in an interview…

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Seatrium consortium bags major contract with TenneT to link Germany’s grid with North Sea wind power

Seatrium consortium bags major contract with TenneT to link Germany’s grid with North Sea wind power

[ad_1] This brings Seatrium’s value of new wins for FY2025 to over S$4 billion to date [SINGAPORE] A consortium comprising Seatrium and GE Vernova was on Thursday (Dec 11) awarded a contract by European transmission operator TenneT to connect North Sea wind power to Germany’s power grid. This latest contract brings Seatrium’s value of new…

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Singapore stocks inch up after Fed rate cut; STI rises 0.2%

Singapore stocks inch up after Fed rate cut; STI rises 0.2%

[ad_1] Across the broader market, gainers edge out losers 256 to 244 after 1.1 billion securities worth S$1.3 billion change hands [SINGAPORE] Singapore stocks ended higher on Thursday (Dec 11) after the US Federal Reserve cut interest rates by 25 basis points. The benchmark Straits Times Index (STI) gained 0.2 per cent or 8.93 points…

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How to buy Bitcoin Hyper before it launches

How to buy Bitcoin Hyper before it launches

[ad_1] The New York Post may receive revenue from affiliate/advertising partnerships for sharing this content and/or if you click or make a purchase. Bitcoin Hyper is one of the latest speculative tokens drawing attention before it even hits the open market. The project’s pitch is simple: give people a faster, cheaper way to move value…

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