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Sam Altman says Musk aims to ‘slow down a competitor’ with OpenAI bid

PARIS — Elon Musk aims to “slow down a competitor” when the investor group he led put forward a $97.4 billion proposal for control of OpenAI, the company’s CEO Sam Altman told CNBC on Tuesday. Asked how seriously he is taking Musk’s bid, which Altman previously declined in a X social media post, the OpenAI chief said: “Not particularly.” “I think it’s to slow …

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BP earnings Q4 2024

The BP logo is displayed outside a petrol station near Warminster in Wiltshire, England, on Aug. 15, 2022. Matt Cardy | Getty Images News | Getty Images British oil major BP on Tuesday posted a sharp drop in fourth-quarter profit on weaker refining margins, announcing a $1.75 billion share buyback and a pledge to “fundamentally” reset its strategy. The energy …

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Kering slightly beats fourth-quarter forecasts but sales at embattled Gucci brand plunge 24%

A Gucci store, operated by Kering SA, in the Sanlitun area of Beijing, China, on Saturday, Oct. 12, 2024.  Bloomberg | Bloomberg | Getty Images French luxury goods firm Kering on Tuesday reported better-than-expected fourth-quarter sales that were nevertheless down year-on-year amid lagging demand for its main Gucci label. The high-end fashion group, whose brands also include Bottega Veneta, Balenciaga …

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