Latest Business News
Sam Altman Unexcited About Public Company CEO Role as OpenAI Hints at IPO
OpenAI CEO Sam Altman stated he's '0% excited' to lead a public company, calling it 'really annoying,' amid hints of a potential IPO. This reflects challenges in transitioning AI firms to public markets. The comments come as AI hyperscalers continue elevated debt issuance.
Xiaomi Reports 81% Q3 Profit Jump Driven by EV Sales
Xiaomi achieved an 80.9% profit increase in Q3, fueled by strong electric vehicle sales marking their first quarterly net gain in this segment. The surge underscores booming demand for EVs from Chinese tech firms.
Innovative initiatives also contributed to the growth.
AkzoNobel and Axalta to Merge into $25 Billion Paint Giant
AkzoNobel, maker of Dulux paint, and Axalta Coating Systems announced a merger creating a $25 billion enterprise. AkzoNobel shareholders will receive a 2.5 billion euro dividend.
The deal aims to strengthen their position in the global coatings market.
Hyundai Pledges Record $85.8 Billion Investment in South Korea
Hyundai Motor Group plans to invest $85.8 billion over five years in South Korea, focusing on AI, robotics, and EVs. This massive commitment aims to boost innovation and vehicle exports.
It represents the largest such investment by the group.
Trump Media Announces $6 Billion Merger with Nuclear Fusion Firm
Trump Media & Technology Group revealed a $6 billion merger with TAE Technologies, a nuclear fusion company. The deal positions Trump Media in emerging clean energy tech.
It was announced amid volatile market conditions.
EU Delays Major Free-Trade Deal with Mercosur Bloc
The European Commission delayed a massive free-trade agreement with South American Mercosur bloc. Farmers in Brussels protested the deal by blocking roads.
The postponement addresses concerns over agriculture and standards.
Ford Recalls 270,000+ EVs and Hybrids Over Roll-Away Risk
Ford issued a recall for over 270,000 electric and hybrid vehicles due to a parking function failure that could cause roll-aways. The issue poses safety risks to drivers and pedestrians.
Repairs are underway to address the problem.
$21 Million Deal Advances US Rare Earth Supply Security
A $21 million deal supports America's first heavy rare earth refinery amid threats from Chinese supply cuts. GM Defense highlights the urgency for materials critical to US military power.
This boosts domestic production independence.
Japan Sets $19 Billion Business Target in Central Asia
Japan aims for $19 billion in business projects over five years in Central Asia to compete for influence in resource-rich nations. The goal was set after a summit with leaders from Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan.
It targets energy and infrastructure opportunities.
China's Rare-Earth Magnet Exports Hit Second-Highest Level
China's rare-earth magnet exports surged to their second-highest on record in November following a US-China agreement. This boosts global supply chains for tech and defense.
It signals easing trade tensions in critical minerals.
AI Boom Drives US Growth but Risks Bubble, Experts Warn
AI has become the dominant force in global growth, outpacing Trump policies, but may drive US into risky territory. Investor Ruchir Sharma notes AI's singular focus amid market shifts.
Quality stocks present contrarian opportunities.
Agentic AI Market Projected to Reach $199 Billion by 2034
The agentic AI market is set to grow from $7.55 billion in 2025 to $199.05 billion by 2034. This reflects rapid expansion in autonomous AI technologies.
Demand spans industries like automation and decision-making.