brookfield

BlackRock CEO Larry Fink refutes AI bubble concerns, citing a significant shortage in computing capacity, chips, and memory. He predicts a future where financial markets will trade futures of compute, highlighting the growing demand for AI infrastructure. BlackRock is actively investing in data centers and energy assets to meet this demand.

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.

Indian-American space scientist Amit Kshatriya holds a senior leadership role at NASA, contributing to the agency's renewed human lunar exploration. Following the successful Artemis II mission, a crewed lunar flyby, Kshatriya emphasized the significant work ahead for future deep space endeavors.

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 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 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 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.

Global investment firm brookfield has agreed to buy 51 per cent stake in Bharti Enterprises' four commercial properties, including Worldmark at Aerocity in the national capital, at an enterprise value of Rs 5,000 crore.

Mumbai-based renewable energy company CleanMax has sewed up equity funding of $360 million from brookfield Renewable, marking the Canadian fund’s second investment in an Indian clean energy entity within a month.

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.

Canadian investor brookfield said on Thursday it had acquired a controlling stake in Indian solar-panel maker CleanMax Enviro Energy Solutions for $360 million.

Reliance Industries Ltd is looking at manufacturing renewable energy equipment in Australia under investments of A$20-30 billion (US$ 13.5-20 billion) planned by brookfield Asset Management and its global investor partners GIC and Temasek to accelerate energy transition in that country.

“The company is renegotiating the tower transactions with all the interested parties, including brookfield Infrastructure Group,” RCom said in the filing.

Global investment firm brookfield and Hyderabad-based electric utility player Axis Energy Ventures on Thursday said they have set up their second joint venture to establish a renewable energy development platform. Axis Energy Ventures will contribute its existing pipeline of wind and solar power projects that are spread across the country and are in various stages of development.

brookfield is set to invest over one billion dollars in Mumbai. This investment will establish Asia's largest Global Capability Centre. The project is scheduled for completion by 2029. It is expected to create over 30,000 jobs. This development highlights India's growing importance as a hub for multinational corporations.

Canadian asset manager brookfield has agreed to acquire a 25% stake in the packaging films business of the B C Jindal Group in a Rs 2,000 crore deal that further fuels this year’s private equity investments in India.

There is more bad news for debt-laden Reliance Communications (RCom), a day after it announced termination of merger deal with Aircel. Now RCom’s Rs 11,000 crore tower deal with Canada’s brookfield is off in its present form, and is being reviewed.