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China s Meituan to buy artificial intelligence firm Light Year from co-founder

The deal comes at a time when AI has captivated investor interest across the globe, prompting a flurry of investments or acquisitions by businesses in a rush to develop generative AI like ChatGPT. The total deal for Light Year includes $233.7 million in cash with 366.9 million yuan ($50.66 million) worth of debt and a payment of $28 million to the AI firm's previous investor HongShan, a investment fund by Sequoia Capital China Growth Fund VII, Meituan said.

Shailesh kuberJohn bijuWang huiwenLight yearWang huiwenArtificial intelligenceEnerative aiDelivery giant

Transcripts for BBCNEWS World Business Report 20211105 05:43:00

something longer term, endemic and creeping into the system. we are seeing banks react differently, communicate differently, communicate differently but really what we should draw from that is that there is no right answer to that at the moment. the data has to evolve. what we do know is that interest rates are currently unusually low as we come out of the pandemic, and so we can t be too confident about what banks will be doing. thank you, dan kemp, from morning start investment management. taxi and food delivery giant uber has seen its first profitable quarter since it launched more than a decade ago. it earned around $8 million in the three months to the end of september, before taxes and one off expenses. if you count those, it made a loss of $2.1; billion after a slump in the value of its investment in chinese taxi firm didi.

Interest ratesInvestment managementDelivery giantDan kempMorning start8 millionTaxi firm didiThe end2 1

Detailed text transcripts for TV channel - MSNBC - 20110425:09:15:00

profit from delivery giant u.p.s. meanwhile, as oil prices continue to climb, look for profits to soar at exxon mobile and chevron. a third of the s&p weighs in with earnings this week including coca-cola, caterpillar, and amazon.com. 75% of corporate reports have beat earnings estimates. today we get an update on the struggling housing market with new numbers on home sales and the latest home index tomorrow. investigators suspect a manufacturing lapse at a boeing factory 15 years ago could be to blame for a hole that tore open a fuselage of a southwest airlines jet earlier this month. finally, when england s prince william marries kate middleton on friday, it s expected to cost his father, prince charles, $5 million, however, security for the royal affair could set taxpayers back about $30 million.

Oil pricesS pDelivery giantExxon mobileCoca colaHousing marketBeat earnings estimatesHome indexManufacturing lapseSouthwest airlinesBoeing factoryPrince williamPrince charlesPrince william and kate middleton5 million30 million

Detailed text transcripts for TV channel - FOXNEWS - 20131217:17:24:15

Detailed text transcripts for TV channel - FOXNEWS - 20131217:17:24:15
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Delivery giant29 millionJon scottAdam shapiroWorld portFox business networkAnna hall34 million