Latest from Successful Tunisia
Bloomberg
20 minutes ago
- Business
- Bloomberg
China Opposes Trade Deals at Its Expense
With 10 days to go until President Trump's country-specific tariffs are set to resume, China warns the US it will not tolerate trade deals with other countries that go against its interests. Bloomberg's Stephen Engle reports. (Source: Bloomberg)
Hindustan Times
21 minutes ago
- Business
- Hindustan Times
Top researcher who quit OpenAI to join Meta calls out Sam Altman for ‘fake news'
Mark Zuckerberg has poached three of OpenAI's top researchers for Meta – but contrary to Sam Altman's claims, they did not get $100 million as a sign-on bonus. Lucas Beyer, a former OpenAI researcher, dismissed Altman's claims that Meta paid $100 million to the OpenAI employees joining its superintelligence team. Mark Zuckerberg (L) and Sam Altman (R) are locked in a race over AI.(AP, Reuters) Beyer took to social media to set the record straight after OpenAI CEO Sam Altman claimed that Meta offered his employees bonuses of $100 million to recruit them. According to a Wall Street Journal report, the top OpenAI researchers who quit the ChatGPT-maker are Lucas Beyer, Alexander Kolesnikov, and Xiaohua Zhai. All of them worked out of OpenAI's Zurich office. What did Sam Altman say about $100 million bonus? During an appearance on the Uncapped podcast in mid June, OpenAI's Altman claimed that Meta 'started making giant offers to a lot of people on our team' like '$100 million signing bonuses, more than that (in) compensation per year.' And how did Lucas Beyer refute this claim? Lucas Beyer, a former Google employee who had been with OpenAI since 2024, recently quit the AI firm to join Meta. In a post shared on X, he refuted Sam Altman's claims that he and other top researchers were paid nine figure signing bonuses. 'Hey all, couple quick notes: 1) yes, we will be joining Meta. 2) no, we did not get 100M sign-on, that's fake news,' Beyer posted on X. In the comments section, he took a direct dig at Altman's claims - 'Thank God Sam let me know I've been lowballed,' Beyer wrote in a tongue-in-cheek response to an X user. Why has Meta ramped up hiring? According to Reuters, Meta, once recognized as a leader in open-source AI models, has suffered from staff departures and has postponed the launches of new open-source AI models that could rival competitors like Google, China's DeepSeek and OpenAI.
Nylon
21 minutes ago
- Entertainment
- Nylon
MILO teams up with Adidas for first-ever limited edition drop
To celebrate MILO's 75 years in Singapore and SG60, MILO has joined forces with adidas for a limited edition tee and pin that is free with purchase of selected MILO beverages. Image courtesy of MILO/adidas. Image courtesy of MILO/adidas. The 'WE CAN ONE' tee is designed to reflect the Singaporean spirit of resilience, the same value that MILO upholds. It also encapsulates the colloquial phrase 'we can one' which captures the spirit of the idea 'we have done it before, and we'll do it again' — a shared belief among Singaporeans that together as one, we can overcome any adversity. Image courtesy of MILO/adidas. In addition to the t-shirt, the MILO x adidas collab will also have a MILO pin that pays homage to one of Singapore's cherished breakfast traditions of dipping a 'Soh Ta Piah' (biscuit) into an iconic MILO cup. Image courtesy of MILO/adidas. Image courtesy of MILO/adidas. The MILO x adidas limited edition tee and pin can only be redeemed by purchasing MILO beverages, and applies to purchases at FairPrice, Sheng Siong, Giant, Cold Storage and on e-commerce platforms including FairPrice Online, RedMart and Lazada. You can also enjoy free cups of refreshing MILO from the beloved MILO Van which will be parked outside adidas Brand Centre Orchard on 26 July, 2 and 9 August from 2pm to 5pm. For more information about the drop, visit MILO's Facebook, Instagram and TikTok pages.
BusinessToday
21 minutes ago
- Business
- BusinessToday
Bintai Kinden And TNB Settle Contract Dispute With Consent Judgment And More
On June 29, 2025, key business developments included Bintai Kinden settling a contract dispute with Tenaga Nasional Berhad via a Consent Judgment. OPEC+ announced a 411,000 barrels per day oil output increase for August to counter non-OPEC competition. Malaysia's EPF acquired 5 million Gamuda shares, strengthening its stake. Yong Tai Berhad purchased Sumberjaya Builders for RM15 million, securing Sabah land. DNEX launched a five-year plan focusing on energy and IT growth, while Malaysia explored pineapple waste as a sustainable economic driver. Read full stories here: Bintai Kinden Reach Settlement With TNB Over Contract Termination OPEC+ Poised To Boost August Oil Output by 411,000 Barrels Per Day EPF Acquires 5 Million Gamuda Shares In Three Separate Transactions Yong Tai To Own Sabah Land Via RM15 Million Share Capital Purchase DNeX Rolls Out Five-Year Plan Focusing On Building Energy And IT Portfolio Can Senheng Capitalise On Consumer Tech Upcycle? Malaysia Eyes Pineapple Waste As New Economic, Sustainability Driver Samyang Foods Hits 10 Trillion Won Milestone On Global Buldak Boom Indonesia-CATL US$6 Billion Battery Venture Targets Global EV Market Seven States Record Positive Trade Growth In May With Value Of RM159.4 Billion Related
Economic Times
22 minutes ago
- Business
- Economic Times
Torrent Pharma shares in focus after Rs 11,900 crore JB Chemicals acquisition
Shares of Torrent Pharmaceuticals are likely to be in the spotlight on Monday, June 30, after the company announced a major acquisition worth Rs 11,917 crore to acquire a controlling stake in J.B. Chemicals & Pharmaceuticals Ltd, another player in the pharmaceutical sector. ADVERTISEMENT In a board meeting held on June 29, Torrent Pharma approved a multi-step transaction to acquire a majority stake in JB Chemicals. The acquisition comprises the following: Share Purchase Agreement (SPA): Torrent will acquire 7.44 crore equity shares, representing 46.39% of JB Chemicals' fully diluted equity share capital, from its promoter, Tau Investment Holdings Pte Ltd, at Rs 1,600 per share, amounting to approximately Rs 11,917 crore, subject to shareholder and regulatory approvals. Potential Employee Acquisition: Torrent may further acquire up to 44.99 lakh equity shares (2.80%) from certain employees at a price not exceeding Rs 1,600 per share, through employee stock Offer: Torrent has also proposed an open offer to public shareholders to acquire up to 4.17 crore shares (26.00%) of the expanded capital at Rs 1,639.18 per share, in accordance with SEBI's Takeover Torrent will gain promoter status and a controlling interest in JB Chemicals, positioning it to expand its product offerings and leverage synergies between the two firms. ADVERTISEMENT JB Chemicals, incorporated in 1976, is a publicly listed company with a consolidated turnover of Rs 3,918 crore and a net worth of Rs 3,433 crore as of March 31, 2025. The company has consistently maintained strong financial performance over the last three proposed acquisition is subject to approvals from the Competition Commission of India (CCI), shareholders, and other statutory bodies. Torrent Pharma anticipates completing the deal within six months. ADVERTISEMENT On Friday, shares of Torrent Pharmaceuticals closed 3.7% higher at Rs 3,344.40 on BSE. Also read: Nifty ready to scale new highs on bullish mood: Analysts (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
