Economy

Historic funding round values OpenAI at $157 billion
Historic funding round values OpenAI at $157 billion
by  AFP

New funding propelled ChatGPT-maker OpenAI to a valuation of $157 billion, the company said on Wednesday, sealing its place as the world leader on artificial intelligence. The company, founded in 2015 and led by Sam Altman, said that investors pumped in $6.6 billion in a funding round that was one of Silicon Valley's biggest ever.

French luxury goods giant LVMH in F1 sponsorship deal
French luxury goods giant LVMH in F1 sponsorship deal
by  AFP

French luxury goods giant LVMH on Wednesday announced a 10-year sponsorship deal as a global partner of Formula One. “We were thrilled to work with one of the LVMH Maisons during the Las Vegas Grand Prix last year, and to now expand our relationship with the Group as they become a Global Partner." kap/ak/nr/bsp

Macron backs Chinese EV tariffs as Scholz calls for dialogue
Macron backs Chinese EV tariffs as Scholz calls for dialogue
by  AFP

French President Emmanuel Macron reaffirmed his support for EU tariffs on Chinese electric vehicles, during a visit to Berlin on Wednesday. "I do support the European Commission on that," Macron said when questioned about the issue at the Berlin Global Dialogue event.

US private sector adds more jobs than expected in September: ADP
US private sector adds more jobs than expected in September: ADP
by  AFP

US private sector hiring picked up in September, with employers adding more jobs than anticipated, according to data released Wednesday by payroll firm ADP. ADP data showed private sector employment rose by 143,000 jobs, significantly higher than the 120,000 figure that a consensus by Briefing.com expected.

Spain logs record summer tourism as inflow draws protests
Spain logs record summer tourism as inflow draws protests
by  AFP

Spain welcomed a record 21.8 million international visitors this summer, official data showed on Wednesday, an influx of tourism that has triggered some protests in the country. - Heading towards annual record - The most common nationality of tourists in Spain over the summer was British, with 4.17 million UK visitors.