Topic: corporate governance
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Firmus Technologies Strengthens Leadership for Sovereign AI Push
Firmus Technologies has appointed Kirsty Godfrey-Billy as CFO and Grant Dempsey as incoming Board Chair following a $330 million equity financing round to support institutional growth and technological expansion. The company is preparing to launch Project Southgate, a sovereign AI campus in Tasma...
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Microsoft-OpenAI Deal Paves Way for Potential IPO
The partnership between Microsoft and OpenAI is advancing with a new agreement, though structural and regulatory issues remain, including Microsoft's dual role as both collaborator and competitor. Microsoft has invested $13 billion in OpenAI and shares revenue from ChatGPT, while also increasing ...
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Tesla Chair Calls Musk's $1T Pay Debate 'Weird'
Tesla shareholders will vote in November on a proposed $1 trillion compensation package for CEO Elon Musk, which the board argues is necessary to motivate him through future challenges. Board chair Robyn Denholm stated that Musk's main interest is gaining greater voting influence, not personal we...
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BHM Capital Doubles Share Capital to AED 400M in Oversubscribed Rights Issue
BHM Capital doubled its share capital to AED 400 million through a heavily oversubscribed rights issue, raising an additional AED 200 million from existing shareholders. The capital increase supports the company's growth strategy, funding investments in advanced technologies, digital transformati...
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Luminar Founder Replaced as CEO After Ethics Probe
Luminar Technologies replaced founder Austin Russell as CEO after an ethics investigation, appointing industry veteran Paul Ricci without disclosing specific violations. Russell stepped down from all leadership roles but retains a board seat, with the investigation reportedly unrelated to financi...
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Oracle Seeks $15 Billion in Major Bond Sale
Oracle is preparing a $15 billion corporate bond sale, which may include an unusual 40-year bond, following its major AI infrastructure partnership with OpenAI. The company recently secured a $300 billion cloud computing deal with OpenAI and is reportedly negotiating another potential $20 billion...
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