Analysis
The models are capable of reasoning through complex tasks.
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OpenAI launches new series of AI models with 'reasoning' abilities
2
Blackstone mulls selling stake in visa firm VFS Global
3
US auto safety regulator opens probe into some VinFast EVs
4
China's Ant Group refinancing $6.5b credit line
5
SUSI Partners buys 39 MW wind farm in Vietnam from Norway's Scatec
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[Updated] The curious case of MoneyHero’s bid for MoneySmart
Liquidity crunch stalls fundraising for SE Asia-focused PE funds in H1
Indonesia’s Sinar Mas, LG CNS JV to build $300m data centre in Jakarta
Mr DIY eyes $300m IPO of Indonesia unit late this year
Hillhouse, GIC, Temasek said to be in talks to invest in Midea’s HK offering: Report
Private Equity
A potential transaction could value VFS at about $7 billion
Deals
Altas has committed to invest $1b of equity as part of the transaction, Sedgwick said.
Policy & Regulations
There are reports that the Lane Keep Assist System was not functioning correctly in the cars.
PGIM obtained a Financial Services Permission to operate in Abu Dhabi’s financial centre ADGM.
The maker of viral chatbot ChatGPT is discussing raising $6.5b from investors, reported Bloomberg.
Banking Circle generates annually around $400 million of revenue.
The deal will see Ontario’s pension fund acquiring Allianz Capital Partners’s 13.5% stake in Interise Trust.
IPOs & Markets
Carlyle acquired a controlling stake in Hexaware in 2021.
CVC reported adjusted after-tax profit of $377m in Jan-June 2024, up 16% YoY.
