Dipo Owolabi

The AI investment frenzy is showing both its rewards and its risks. Prominent AI investor Leopold Aschenbrenner has reportedly been forced to exit his public stock portfolio after heavy losses, while Oando is staging a strong turnaround by cutting its first-half losses by 77% and returning to quarterly profitability. Elsewhere, LinkedIn is cracking down on low-quality AI-generated content with a new reporting tool, and Sainsbury's is offloading Argos for £120 million as it sharpens its focus...

Venture Capital (VC) News Commonwealth Fusion Systems, a fusion power startup, raised $1B in new funding from pension funds, SWFs, and others TechCrunch Antora Energy, an energy storage company, raised a $550M Series C co-led by G2 Venture Partners and Eclipse Yahoo.Finance Satellite startup K2 Space raised a $500M Series D at $6.8B valuation led by Kleiner Perkins and ICONIQ Bloomberg Function, a health platform combining lab testing, imaging and personalized intelligence, raised...

Mergers & Acquisitions News (M&A) $15B-listed GFL Environmental received takeover approaches at valuations “materially higher” than the current share price Bloomberg NYSE-parent ICE will buy credit electronic trading platform MarketAxess in a $5.7B deal Yahoo.Finance Dutch engineering ​consultancy group Arcadis rejected ‌an improved $5.7B takeover bid from Canada's WSP Global Reuters Johnson & Johnson acquired the option to buy immunology-focused biotech Sail Biomedicines in...