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Activist Elliott takes $2.5 billion stake in Texas Instruments

A Texas Instruments sign in Dallas, June 14, 2023. Katie Tarasov Elliott, the $65 billion hedge fund best known for its shareholder activism, has made a $2.5 billion investment in Texas Instruments and is urging the company to improve its free cash flow by adapting a less rigid plan for capital expenditures. In a 13-page letter viewed by CNBC, Elliott …

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T-Mobile signs a $4.4 billion deal to buy most of US Cellular

T-Mobile has agreed to purchase parts of regional wireless carrier US Cellular in a $4.4 billion deal that includes US Cellular’s wireless customers, stores, and approximately 30 percent of spectrum assets. US Cellular will retain ownership of its towers and “approximately 70 percent of its spectrum portfolio across several spectrum bands,” with T-Mobile entering a long-term arrangement to lease space on …

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OpenAI creates new oversight team, begins training next model

OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024.  Jason Redmond | AFP | Getty Images OpenAI on Tuesday said it created a Safety and Security Committee led by senior executives, after disbanding its previous oversight board in mid-May. The new committee will be responsible for making recommendations to …

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