Reuters UK Business

Bridgepoint eyes $4.4 billion sale of MotoGP rights holder – Sky News

2 Mar 2024

(Reuters) -British private investment company Bridgepoint Group is in advanced talks to sell Dorna Sports, which holds the commercial rights to MotoGP, in a bid to raise 3.5 billion pounds ($4.43 billion), Sky News reported on Saturday. MotoGP is the top division of Grand Prix motorcycle racing, the sport’s highest class of events. Bridgepoint declined …

Bridgepoint eyes $4.4 billion sale of MotoGP rights holder – Sky News Read More »

UK’s Hunt to allow private companies to trade shares on exchanges – FT

2 Mar 2024

(Reuters) -British finance minister Jeremy Hunt is drawing up plans to allow UK private companies to offer shares on exchanges, the Financial Times reported on Saturday. The Private Intermittent Securities and Capital Exchange System (Pisces) would act as a crossover between public and private markets allowing for some liquidity in the shares of private companies …

UK’s Hunt to allow private companies to trade shares on exchanges – FT Read More »

Nvidia CEO says AI could pass human tests in five years

2 Mar 2024

By Stephen Nellis PALO ALTO, California – (Reuters) – Nvidia Chief Executive Jensen Huang on Friday said that artificial general intelligence could – by some definitions – arrive in as little as five years. Huang, who heads the world’s leading maker of artificial intelligence chips used to create systems like OpenAI’s ChatGPT, was responding to …

Nvidia CEO says AI could pass human tests in five years Read More »

Elon Musk sues OpenAI for abandoning original mission for profit

2 Mar 2024

By Jahnavi Nidumolu, Aditya Soni and Sheila Dang (Reuters) -Billionaire entrepreneur Elon Musk has sued ChatGPT-maker OpenAI and its CEO, Sam Altman, saying they abandoned the startup’s original mission to develop artificial intelligence for the benefit of humanity and not for profit. The lawsuit filed late on Thursday in California Superior Court in San Francisco …

Elon Musk sues OpenAI for abandoning original mission for profit Read More »

S&P upgrades Portugal’s ratings to ‘A-‘ on declining debt

2 Mar 2024

(Reuters) – Credit ratings agency S&P Global on Friday raised Portugal’s long-term foreign currency sovereign credit rating to “A-” from “BBB+”, citing improvement in its external financial balance sheet and corresponding reduction in external liquidity risks. S&P affirmed Portugal’s outlook at “positive”, reflecting its view that the country’s external and government debt positions could improve …

S&P upgrades Portugal’s ratings to ‘A-‘ on declining debt Read More »

Nvidia closes with $2 trillion valuation as Dell stokes AI rally

1 Mar 2024

By Noel Randewich (Reuters) -Nvidia’s stock market value closed above $2 trillion for the first time on Friday after an upbeat report from Dell Technologies reignited Wall Street’s AI-fueled rally. Nvidia’s stock added 4% after Dell, which sells high-end servers made with Nvidia’s processors, gave an upbeat forecast late on Thursday, pointing to a surge …

Nvidia closes with $2 trillion valuation as Dell stokes AI rally Read More »

Sosteneo buys 49% of Enel’s battery business for 1.1 billion euros

1 Mar 2024

By Francesca Landini MILAN (Reuters) -Italy’s biggest utility Enel said on Friday it had signed an agreement to sell 49% of its energy storage business to Generali’s Sosteneo for around 1.1 billion euros ($1.2 billion). The deal is part of Enel’s broader effort to reduce its net debt and find partners willingly to jointly develop …

Sosteneo buys 49% of Enel’s battery business for 1.1 billion euros Read More »

Extremists deliberately undermining Britain’s democracy, PM Sunak says

1 Mar 2024

LONDON (Reuters) -Prime Minister Rishi Sunak on Friday said Britain’s multi-ethnic democracy was being deliberately undermined by Islamist and far-right extremists, calling for a tougher approach to policing protests in light of an increase in hate speech and criminality. British lawmakers this week have been given funding for new security provisions after some faced threats …

Extremists deliberately undermining Britain’s democracy, PM Sunak says Read More »

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