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AI giants OpenAI and Anthropic are intensifying their competition by launching new ventures aimed at boosting enterprise AI adoption. Both companies have secured significant funding from major financial institutions to help businesses integrate their AI tools into daily operations. This strategic move prioritizes real-world usage and revenue growth as both firms reportedly explore public listings.

Inbound travel from the Gulf to India has been impacted by the Israel-Iran war, leading to deferred bookings. However, domestic travelers, hesitant to go abroad, are filling this gap, according to Leela Palaces, Hotels and Resorts CEO Anuraag Bhatnagar. The luxury chain is optimistic about the quick recovery of luxury travel post-conflict and is expanding its owned properties in India.

OpenAI is aggressively targeting the enterprise market, offering private equity firms a guaranteed 17.5% return to deploy its AI tools. This move follows Anthropic's Pentagon blacklisting, with OpenAI aiming to secure business clients by customizing models. Despite some firms hesitating, OpenAI sees a crucial window to dominate the sector.

OpenAI faces a significant user exodus from ChatGPT following a deal with the Pentagon, which Anthropic had rejected. Rival AI Claude has seen a massive surge in usage, with millions of subscribers reportedly leaving ChatGPT. This "QuitGPT" movement is fueled by concerns over OpenAI's political contributions and its work with government agencies.

OpenAI is pivoting from broad ambitions to focus on coding tools and enterprise clients, acknowledging competitor Anthropic's success. CEO Fidji Simo highlighted this strategic shift, calling Anthropic's rise a "wake-up call." The company is cutting 'side quests' like standalone apps to reclaim its standing with developers and businesses, aiming to integrate features like video generation into ChatGPT.

brookfield asset management has emerged as the frontrunner to acquire IL&FS group’s iconic 4.5-lakh sqft headquarters in Mumbai’s Bandra Kurla Complex.

Mumbai, Jul 20 () As a part of its bad loans resolution process, the nation's largest lender State Bank of India today roped in American fund house brookfield asset management to set up an over Rs 7,350-crore stressed assets fund.

brookfield asset management, one of the world’s largest investors in infrastructure and real estate, is in talks to acquire a large stake in the debt-laden GVK Power & Infrastructure for as much as $1 billion, two people familiar with the matter said.

New Delhi, Apr 24 () In a big-ticket real estate deal, Essar group has sold prime commercial property Equinox Business Parks at Bandra-Kurla Complex (BKC) in Mumbai to global investment firm Brookfield for Rs 2,400 crore.

Mukesh Ambani's Reliance Industries on Monday said it will divest Jio's telecom tower assets to Canada's Brookfield Infrastructure Partners LP for Rs 25,215 crore. RIL said its unit, Reliance Industrial Investments and Holdings Ltd (RIIHL) has inked binding agreements with Brookfield Infrastructure Partners LP and its partners for the tower business deal.

New Delhi, Mar 25 () Hotel Leelaventure is seeking shareholders' nod to sell four hotels, including one in the national capital, and other assets to Canadian investment fund brookfield asset management for Rs 3,950 crore.