Real Test for China’s ‘Four Little GPU Tigers’ Has yet to ComeWSJ · 20h
Oil is scary againFT · 20h
Private equity’s ‘Waiting for Godot’ era continuesFT · 21h
Virgin Media O2 owners target £600mn in cost cutsFT · 21h
EU looks for new path to tap Russian assets for UkraineFT · 21h
Tech
Larry Ellison to sell up to $7.5bn worth of Oracle stockFT · 35m
AI Is Powerful Enough to Crack Our Hardest Math Problems—and Kill Us AllWSJ · 42m
America’s Great AI Freakout Has BegunWSJ · 42m
The Woman Fixing a Microsoft Mess With Brutal HonestyWSJ · 1h
Cyberattack by Rogue AI Swarm Stokes Fears of Out-of-Control AgentsWSJ · 3h
Cyberattack by Rogue AI Swarm Stokes Fears of Out-of-Control AgentsWSJ · 3h
The Fed Is Poised to Raise Interest Rates for the First Time in YearsWSJ · 4h
Tech, Media & Telecom Roundup: Market TalkWSJ · 4h
JPMorgan cut off Situational Awareness lending after AI lossesFT · 4h
Opinion | New York City’s School AI Ban Goes Too FarWSJ · 5h
AI Is Creating New Trust Problems Between ColleaguesWSJ · 6h
UK economy unexpectedly grew 0.4% in July boosted by AI surgeFT · 9h
Why the AI race has its creators fearing human extinctionFT · 9h
How PayPal’s CEO Is Planning to Go It Alone and Fix the Payments GiantWSJ · 9h
The High-Risk Sprint to SuperintelligenceWSJ · 9h
Anthropic Says Iran Used Its American AI Model to Target U.S. Navy WarshipsWSJ · 11h
Why Oracle’s New Data Platform MattersWSJ · 12h
What we still haven’t learnt from 9/11FT · 12h
The Morning Risk Report: How Chinese AI Firms Tried to Clone U.S. AI ModelsWSJ · 14h
Time to start taking AI risks seriouslyFT · 14h
OpenAI’s Fidji Simo to Join Board of Cloud Provider Nscale Ahead of IPOWSJ · 14h
The Special Forces Ethos Driving Goruck’s Co-FoundersWSJ · 15h
Ipsen Weighs U.S. Manufacturing InvestmentWSJ · 15h
Desperately seeking UK data centre dataFT · 16h
Houthis used Anthropic AI to try to build ballistic missilesFT · 16h
Big AI’s open-model problemFT · 20h
Elon Musk’s gas turbines could shake up the backlogged sectorFT · 21h
Europe’s difficult choices on AIFT · 21h
Will US debt burst the AI bubble? With Ruchir SharmaFT · 21h
Deal Flow
M&A / Strategic
Saudi's PIF is considering combining Electronic Arts with Savvy Games to create one of the world's biggest gaming firms worth over $75B14h
Italian lender Intesa Sanpaolo approved the issuance of new shares to finance its $41.2B takeover bid for peer BMPS14h
US is investigating Nvidia's $20B licensing deal with AI chip startup Groq14h
Centerbridge-backed real estate lender Aareal Bank is considering a bid for Cerberus-backed Hamburg Commercial Bank, which is seeking over $3.8B14h
Activist Barington Capital took another stake in $3.5B-listed retailer Bath & Body Works and is pushing for a sale14h
Owner Clearlake Capital is nearing a deal to acquire billionaire financiers Mark Walter and Todd Boehly's stakes in UK soccer club Chelsea FC for well over $3.5B14h
Vauban Infrastructure Partners emerged as the lead bidder for EQT-backed GlobalConnect's fiber business in Sweden, which could fetch over $2.3B14h
Southeast Asia biggest ride-hailing group Grab Holdings is in talks to buy a majority stake in Singapore-based BNPL platform Atome Financial from Advance Intelligence Group at an over $2B valuation14h
Online vehicle auctioneer Copart agreed to acquire car digital marketplace ACV Auctions for $1.9B cash at a 45% premium14h
Italian app investor Bending Spoons agreed to acquire workplace-collaboration platform Miro in a $1.8B cash deal, including cash14h
Abu Dhabi SWF Mubadala backed China's biggest coffee chain Luckin Coffee following a $1B deal with PE owner Centurium Capital14h
Constellation Energy will acquire a Rhode Island gas-fired power plant from Shell for $715M14h
Australia's Macquarie is in advanced talks to acquire energy infrastructure services provider SI Solutions from MidOcean Partners for $600M, including debt14h
Rob Arnott, the founder of smart-beta pioneer Research Affiliates, sold RAFI Indices to TMX Group for $490M and will use the remaining $30B investment manager Syzygy to push deeper into active investing14h
Hong Kong-based luxury goods dealer New Sparkle Roll International is considering selling its 10% stake in $225M-listed Danish audio brand Bang & Olufsen14h
Asian investment firm Boyu Capital agreed to acquire Xiamen Aircraft Leasing14h
UK sports-focused consumer brand THG is attracting bid interest for some of its non-core non-sports nutrition brands, which could sell of over $150M14h
US-backed tin company Nathan Trotter agreed to buy 100% of the metal concentrates produced by Aussie miner Huntore in a multiyear offtake agreement financed by STG Metals14h
Saudi Aramco is considering a sale of its specialty chemicals business Arlanxeo14h
Shell will acquire 100% equity in Hunlock Creek Generating, which owns 169 MW of natural gas-fired generation capacity in Pennsylvania14h
Brazilian ID verification company Unico agreed to acquire Argentine rival Valida14h
Apollo Sports Capital is interested in investing in an NFL team14h
Africa's most valuable bank FirstRand is pushing to wrap up the sale of its Aldermore Group UK unit by year-end14h
France's TotalEnergies signed agreements to buy a 40% operated interest in two new exploration blocks in Angola14h
VC
Musk's The Boring Company raised a $3B Series D at a $23B valuation led by UAE14h
Chip startup Positron AI raised $875M at a $5B valuation14h
AMD-backed South Korean AI startup Upstage is considering a pre-IPO funding round14h
Motive, an AI platform for physical operations, raised $1.3B in growth financing from General Catalyst's Customer Value Fund14h
Positron, an AI inference hardware company, raised an $875M Series C at a $5B post-money valuation co-led by NEA, Atreides Management, Valor Equity Partners, Andra Capital, SemiAnalysis Capital, and Jim Clark14h
Mach Industries, a defense tech startup, raised a $600M Series C extension at a $3.7B valuation from Ribbit Capital, Infinite Capital, Bedrock Capital, and Sequoia14h
UniPat AI, a startup focused on training and benchmarking AI models in real-world scenarios, raised a $300M round at a $2.5B valuation led by Alibaba14h
TAR, an off-grid power systems provider for AI data centers, raised a $120M Series A at a $1B post-money valuation led by Spark Capital14h
Crypto exchange Kraken raised $100M from Nasdaq to fund development of tokenized stock trading14h
Maven Robotics, an industrial robotics startup, raised $100M from RoboStrategy, LocalGlobe, Vine Ventures, and XTX Markets Ventures14h
Highstock, a startup addressing unproductive retail inventory, raised a $30M Series A led by a16z14h
Luminary, an AI-native wealth transfer and administration platform, raised a $22M Series A led by Ten Coves Capital14h
IPOs / Listings / Issuances / Block Trades
Silver Lake and Intel-backed chipmaker Altera is preparing to file confidentially for a potential $2B IPO14h
Amman Mineral Internasional, one of Indonesia's biggest copper and gold producers, picked banks for a $1B Hong Kong listing14h
THL-owned semiconductor automation company Brooks Automation confidentially filed for an IPO14h
Chinese robotics startup Galaxea AI is facing regulatory uncertainty over its Hong Kong IPO plans14h
Debt
Pharma CDMO Catalent sold $4.7B of debt for a refinancing14h
Indian telecom Vodafone Idea raised $3.5B from lenders led by State Bank of India to rebuild its business14h
Vantage Data Centers is in talks to raise $2B in debt from PIMCO and PGIM14h
Blackstone and CPPIB-owned UK leisure park operator Merlin Entertainments is seeking an $890M loan backed by the London Eye, Shrek's Adventure! London, and other UK attractions14h
Bankruptcy / Restructuring / Distressed
The largest creditors to French real estate services provider Emeria signed NDAs barring them from trading the firm's debt as they step up talks with owners over a $410M cash injection14h
Reforma
Suspenden aerolíneas operaciones en AICM por tormentaNacional · 45m
Reportan otro derrame de petróleo en el Golfo de MéxicoNacional · 4h
Pide CCE a Hacienda analizar límite a deduccionesNegocios · 5h
Megagolpe de huachicol se tambalea ¡por trámite!Portada · 14h
Aunque bajan los robos, suben fraude y extorsiónPortada · 14h
Saquean con firmas falsas en Congreso de GuerreroPortada · 14h
Tutela Segob al INEPortada · 14h
Apenas pintaron... y tendrán que cambiarPortada · 14h