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OpenAI Lures Private-Equity Firms With 17.5% Guaranteed Returns As AI Rivals Race For Enterprise Deals
OpenAI Lures Private-Equity Firms With 17.5% Guaranteed Returns As AI Rivals Race For Enterprise Deals
OpenAI, the maker of ChatGPT, is offering private-equity firms a more generous financial package than rival Anthropic as the two artificial-intelligence companies court buyout shops to create joint ventures aimed at raising fresh capital and accelerating the rollout of enterprise AI products.
To lure PE firms, OpenAI is promising investors a guaranteed minimum return of 17.5%, a figure significantly above what is typical for preferred equity instruments, according to people familiar with the discussions who spoke...
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May 1, 2026 / Tyler Durden
China Reopens Fuel Export Spigot, Offering Relief To Asian Buyers
China Reopens Fuel Export Spigot, Offering Relief To Asian Buyers
Beijing is reversing its curbs on refined fuel exports after halting shipments in the opening days of the U.S.-Iran conflict. This move suggests that Chinese domestic inventories are now at comfortable levels, allowing state refiners to reopen the export spigot, even as much of Asia remains gripped by a fuel shock caused by disrupted Gulf energy flows through the Hormuz chokepoint.
There was chatter earlier this week that China's state-owned refiners were applying for government permits to resume fuel exports...
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May 3, 2026 / Tyler Durden
Tesla Made $573 Million Selling To Musk’s Other Companies Last Year
Tesla Made $573 Million Selling To Musk’s Other Companies Last Year
Elon Musk’s business empire is becoming increasingly intertwined — and if SpaceX eventually goes public, Wall Street will likely take a much harder look at how money moves across his companies.
A newly disclosed filing shows Tesla booked more than $570 million last year from transactions with Musk-controlled companies, according to Insider. That included roughly $430 million from selling Megapack battery systems to xAI and another $143 million — primarily vehicle sales — to SpaceX. Some of those purchases included...
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Apr 3, 2026 / Tyler Durden
Has Concern Over Hormuz Made Us Forget The Red Sea?
Has Concern Over Hormuz Made Us Forget The Red Sea?
Authored by Gregory Copley via The Epoch Times,
Wartime concerns about the security of maritime energy traffic through the Strait of Hormuz—connecting the Indian Ocean/Gulf of Oman with the Persian Gulf—have overshadowed the fact that the related issue of Red Sea security is far from resolved and is, in fact, becoming more dynamic.
The Red Sea–Suez link between the Mediterranean and the Indian Ocean is of equal strategic importance to global trade as the Hormuz choke point and is, through geography and...
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