Huang it: Sharon AI attracts global heavyweights for $4.7b financing
The mammoth potential financing comes after Sharon AI in June inked a six-year agreement with American chipmaker Nvidia.
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Chronological feed of stories from The Australian Financial Review (AFR)
The mammoth potential financing comes after Sharon AI in June inked a six-year agreement with American chipmaker Nvidia.
Morgan AI – named after EY restructuring partner Morgan Kelly – helps administrators quickly ingest messy data, extract information and automate workflows.
Under-pressure data centre player NextDC faces a lawsuit from a former sales manager who claims he’s owed millions of dollars in commissions.
A federal indictment alleges that three men used generative artificial intelligence to impersonate voices of CEOs and lawyers to defraud companies of millions of dollars.
The scandal has showcased how intertwined the worlds of geopolitics and technology have become, and surfaced the growing levels of corporate espionage.
The bank’s underpayments have affected 66,000 workers across the country and represent the biggest wage shortfall in the banking industry so far.
If the chief executive is forced out of Nvidia, it won’t just affect the chipmaker. This man is the central banker of the industry, and it will not be the same.
The ASX-listed company went into a trading halt on Thursday, setting tongues wagging about the size of the placement.
Should a sale to private equity or trade be the chosen exit route, a valuation of around $5 billion would be sought, the sources said.
Adrian Wood will become BHP’s finance chief, succeeding Pant, who becomes the latest overlooked chief executive candidate to leave the mining giant.
Nvidia’s chief executive is already facing scrutiny over an affair with a Chinese businesswoman who US intelligence determined was a Chinese spy.
As investors mull whether to value the US giant in the trillions, a local rival called Trellis Data says it has built a competitive model for relative peanuts.