Samuel Nwite
AUTHOR: Samuel Nwite
OpenAI Reaffirms Nonprofit Control, Secures $100bn Equity Stake Amid Microsoft Partnership Talks
OpenAI on Thursday announced that its nonprofit parent will continue to oversee the company and hold an equity stake exceeding $100 billion, making it...
U.S. Inflation Surprises on the Upside in August as Jobless Claims Jump, Complicating Fed...
U.S. consumer prices rose faster than expected in August, while weekly jobless claims accelerated sharply, presenting the Federal Reserve with a mixed and politically...
GTCR Clinches $4.8bn Deal to Acquire Zentiva from Advent International
Private equity heavyweight GTCR has agreed to acquire Czech generic drugmaker Zentiva from Advent International in a deal worth €4.1 billion ($4.8 billion), the...
Perplexity Raises $200 Million at $20 Billion Valuation After Chrome Bid
AI startup Perplexity has secured commitments from investors for $200 million in new funding at a $20 billion valuation, The Information reported Wednesday, citing...
Geregu Power Forecasts N12.1bn Q4 Profit, Eyes Strongest Year Yet Amid Revenue Growth
Geregu Power Plc has projected a post-tax profit of N12.1 billion for the fourth quarter of 2025, a slight uptick from its N11.7 billion...