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OpenAI valuation soars to $500 bn in private share sale: reports
OpenAI valuation soars to $500 bn in private share sale: reports
by  AFP

The valuation of ChatGPT developer OpenAI soared to a chart-topping $500 billion in a deal for employees to sell a limited number of shares, financial media reported Thursday. A gaggle of investors snapping up the shares included Japanese investment giant SoftBank, the Financial Times and Bloomberg reported, citing people familiar with the transaction.

UK supermarket Tesco lifts profit outlook on competitive prices
UK supermarket Tesco lifts profit outlook on competitive prices
by  AFP

Britain's largest retailer Tesco on Thursday raised its 2025/2026 profit guidance as the supermarket chain won customers with competitive prices. Increased competition in the UK market had led Tesco in April to lower its profit guidance.

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