05:27 AM EDT, 07/19/2024 (MT Newswires) -- Smartsheet ( SMAR ) has engaged investment bankers after fielding buyout interest from private equity firms, Reuters reported Thursday, citing unnamed people familiar with the matter. The Washington-based maker of workplace collaboration software has a market value of $6.6 billion, Reuters said. The company is working with Qatalyst Partners to review the offers,...

05:16 AM EDT, 07/19/2024 (MT Newswires) -- Microsoft ( MSFT )-(MSFT) backed OpenAI is in talks with chip designers including Broadcom ( AVGO ) over the development of a new artificial intelligence chip, Reuters reported Thursday, citing a news brief from The Information. OpenAI is reportedly working to address the shortage of graphic processing units used in developing AI models....

BEIJING/LONDON (Reuters) - Russia's Nornickel is in talks with several Chinese battery companies to build a plant jointly producing nickel material from Russian semi-finished products, three sources with knowledge of the matter told Reuters. CNGR Advanced Material and Brunp Recycling, a subsidiary of Chinese battery giant CATL, are among the firms approached by Nornickel. The metals giant is in the...

(Reuters) - The Federal Court of Australia fined a local unit of American Express ( AXP ) A$8 million ($5.36 million) for breaching design and distribution rules for two of its co-branded credit cards, the Australian corporate regulator said on Friday. The court found that American Express Australia distributed two credit cards primarily to customers in stores of luxury brand...